Berenberg Bank Cuts Yellow Cake (LON:YCA) Price Target to GBX 737

Yellow Cake (LON:YCA) had its target price cut by Berenberg Bank from GBX 738 to GBX 737 in a research report report published on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 740 price objective on shares of Yellow Cake in a research note on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 685.40.

Yellow Cake Price Performance

YCA stock opened at GBX 517.50 on Wednesday. Yellow Cake has a 52-week low of GBX 462.20 and a 52-week high of GBX 751.52. The company has a 50-day moving average of GBX 552.54 and a two-hundred day moving average of GBX 596.56. The stock has a market capitalization of £1.30 billion, a price-to-earnings ratio of -129.38 and a beta of 0.30.

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. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.