Berenberg Bank Reaffirms Buy Rating for Yellow Cake (LON:YCA)

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 722 ($9.20) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 33.78% from the company’s current price.

Yellow Cake Trading Down 1.4 %

Shares of LON:YCA traded down GBX 7.79 ($0.10) during mid-day trading on Tuesday, reaching GBX 539.71 ($6.88). The stock had a trading volume of 1,507,692 shares, compared to its average volume of 1,073,061. The company has a market cap of £1.17 billion, a P/E ratio of 206.79 and a beta of 0.27. Yellow Cake has a 1 year low of GBX 480.20 ($6.12) and a 1 year high of GBX 749.50 ($9.55). The business’s 50 day moving average price is GBX 559.66 and its 200 day moving average price is GBX 559.35.

About Yellow Cake

Yellow Cake plc operates in the uranium sector. It is involved in the purchase and holding of uranium oxide concentrates, and exploitation of other uranium-related opportunities. Yellow Cake plc was incorporated in 2018 and is headquartered in Saint Helier, Jersey.