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

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 712 ($8.86) target price on the stock. Berenberg Bank’s price target indicates a potential upside of 44.01% from the stock’s current price.

Yellow Cake Stock Performance

Shares of YCA opened at GBX 494.40 ($6.16) on Tuesday. The stock has a 50-day moving average of GBX 519.11 and a two-hundred day moving average of GBX 533.75. The stock has a market cap of £1.07 billion, a P/E ratio of 189.43 and a beta of 0.27. Yellow Cake has a one year low of GBX 461.80 ($5.75) and a one year high of GBX 749.50 ($9.33).

Yellow Cake Company Profile

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.