Berenberg Bank Issues Pessimistic Forecast for Yellow Cake (LON:YCA) Stock Price

Yellow Cake (LON:YCA) had its price target trimmed by Berenberg Bank from GBX 708 ($9.66) to GBX 682 ($9.31) in a research note released on Wednesday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Yellow Cake Stock Performance

LON YCA opened at GBX 510 ($6.96) on Wednesday. The stock has a market capitalization of £1.11 billion, a P/E ratio of 1.91 and a beta of 0.27. Yellow Cake has a 1 year low of GBX 359 ($4.90) and a 1 year high of GBX 622.79 ($8.50). The business’s fifty day moving average is GBX 488 and its two-hundred day moving average is GBX 470.30.

Yellow Cake Company Profile

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.