Canaccord Genuity Group Cuts Yellow Cake (LON:YCA) Price Target to GBX 680

Yellow Cake (LON:YCA) had its price objective reduced by Canaccord Genuity Group from GBX 695 to GBX 680 in a research note issued to investors on Thursday morning, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

YCA has been the subject of a number of other reports. Berenberg Bank reduced their price target on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Panmure Gordon raised Yellow Cake to a “buy” rating and increased their price target for the company from GBX 550 to GBX 630 in a report on Tuesday, December 2nd. Finally, Citigroup raised their price target on Yellow Cake from GBX 570 to GBX 670 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 655.

Yellow Cake Price Performance

Shares of LON:YCA opened at GBX 552 on Thursday. Yellow Cake has a 1 year low of GBX 359 and a 1 year high of GBX 603. The company has a market cap of £1.32 billion, a P/E ratio of -2.56 and a beta of 0.27. The stock’s fifty day moving average price is GBX 547.16 and its 200-day moving average price is GBX 521.45.

Yellow Cake Company Profile

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.