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

Berenberg Bank reissued their buy rating on shares of Yellow Cake (LON:YCA) in a research note released on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 722 ($9.22) price objective on the stock.

Yellow Cake Price Performance

Shares of LON YCA opened at GBX 540 ($6.90) on Tuesday. Yellow Cake has a 1-year low of GBX 480.20 ($6.14) and a 1-year high of GBX 749.50 ($9.58). The business has a fifty day moving average price of GBX 559.28 and a 200 day moving average price of GBX 558.46. The stock has a market capitalization of £1.17 billion, a P/E ratio of 206.90 and a beta of 0.27.

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.