Yellow Cake (LON:YCA) Upgraded at Panmure Gordon

Panmure Gordon upgraded shares of Yellow Cake (LON:YCA) to a buy rating in a report published on Tuesday, MarketBeat Ratings reports. The brokerage currently has GBX 630 price objective on the stock, up from their previous price objective of GBX 550.

A number of other analysts also recently weighed in on the stock. Citigroup upped their price target on shares of Yellow Cake from GBX 570 to GBX 670 and gave the stock a “buy” rating in a report on Thursday, October 9th. Berenberg Bank lowered their price objective on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 655.

Yellow Cake Price Performance

Shares of LON YCA opened at GBX 543 on Tuesday. The business has a fifty day moving average price of GBX 547.80 and a two-hundred day moving average price of GBX 520.48. The stock has a market capitalization of £1.30 billion, a PE ratio of -2.51 and a beta of 0.27. Yellow Cake has a fifty-two week low of GBX 359 and a fifty-two week high of GBX 603.

About Yellow Cake

Yellow Cake is a London-quoted company, incorporated in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding U3O8. It may also seek to add value through other uranium-related activities. Yellow Cake and its wholly owned subsidiary (the “Group”) seek to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium-related activities in a rising uranium price environment.