Yellow Cake (LON:YCA) Sets New 12-Month High – Still a Buy?

Yellow Cake plc (LON:YCA) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 622.50 and last traded at GBX 620, with a volume of 1807042 shares trading hands. The stock had previously closed at GBX 608.50.

Analyst Ratings Changes

YCA has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Yellow Cake from GBX 570 to GBX 670 and gave the company a “buy” rating in a report on Thursday, October 9th. Panmure Gordon upgraded shares of Yellow Cake to a “buy” rating and upped their target price for the stock from GBX 550 to GBX 630 in a research report on Tuesday, December 2nd. Canaccord Genuity Group reduced their price target on shares of Yellow Cake from GBX 695 to GBX 680 and set a “buy” rating on the stock in a report on Thursday, December 4th. Finally, Berenberg Bank decreased their price target on shares of Yellow Cake from GBX 682 to GBX 675 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 655.

Yellow Cake Trading Up 1.9%

The stock has a market capitalization of £1.49 billion, a P/E ratio of -155.00 and a beta of 0.27. The business has a 50-day moving average price of GBX 552.52 and a 200 day moving average price of GBX 534.28.

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.