Yellow Cake (LON:YCA) Trading Down 0.7% – What’s Next?

Yellow Cake plc (LON:YCA) shares dropped 0.7% on Friday . The stock traded as low as GBX 578.50 and last traded at GBX 584.50. Approximately 170,446 shares changed hands during trading, a decline of 91% from the average daily volume of 1,995,816 shares. The stock had previously closed at GBX 588.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on YCA shares. Canaccord Genuity Group lowered their price objective on Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Berenberg Bank decreased their price target on Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Citigroup upped their price target on Yellow Cake from GBX 570 to GBX 670 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Panmure Gordon raised Yellow Cake to a “buy” rating and increased their price objective for the company from GBX 550 to GBX 630 in a research report on Tuesday, December 2nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 655.

Yellow Cake Stock Down 0.7%

The company has a market cap of £1.40 billion, a PE ratio of -2.71 and a beta of 0.27. The company’s fifty day moving average is GBX 543.78 and its 200-day moving average is GBX 528.78.

About Yellow Cake

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. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer.