Yellow Cake’s (YCA) Buy Rating Reiterated at Berenberg Bank

Yellow Cake (LON:YCA)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 712 ($8.86) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 44.01% from the company’s previous close.

Yellow Cake Trading Up 2.4 %

YCA stock opened at GBX 494.40 ($6.16) on Tuesday. The stock has a market cap of £1.07 billion, a price-to-earnings ratio of 189.43 and a beta of 0.27. The business’s 50-day moving average is GBX 519.11 and its 200 day moving average is GBX 533.75. Yellow Cake has a 12-month low of GBX 461.80 ($5.75) and a 12-month high of GBX 749.50 ($9.33).

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.