Yellow Cake (LON:YCA) Given “Buy” Rating at Berenberg Bank

Yellow Cake (LON:YCA)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Tuesday, Marketbeat.com reports. They currently have a GBX 722 ($9.21) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 32.72% from the company’s previous close.

Yellow Cake Price Performance

LON YCA opened at GBX 544 ($6.94) on Tuesday. Yellow Cake has a 12 month low of GBX 480.20 ($6.13) and a 12 month high of GBX 749.50 ($9.56). The company has a market capitalization of £1.18 billion, a P/E ratio of 208.43 and a beta of 0.27. The company’s 50 day simple moving average is GBX 558.87 and its 200 day simple moving average is GBX 557.51.

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.