Yellow Cake (LON:YCA) Trading 0.9% Higher – Time to Buy?

Shares of Yellow Cake plc (LON:YCA) shot up 0.9% on Friday . The stock traded as high as GBX 498.60 ($6.76) and last traded at GBX 497 ($6.74). 448,522 shares traded hands during trading, a decline of 66% from the average session volume of 1,314,692 shares. The stock had previously closed at GBX 492.80 ($6.68).

Analyst Upgrades and Downgrades

Several brokerages recently commented on YCA. Berenberg Bank reiterated a “buy” rating and set a GBX 682 ($9.24) price target on shares of Yellow Cake in a research note on Thursday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 620 ($8.40) price target on shares of Yellow Cake in a research note on Thursday, July 24th.

Yellow Cake Trading Up 0.9%

The business has a 50 day moving average of GBX 504.09 and a 200-day moving average of GBX 468.27. The stock has a market cap of £1.08 billion, a PE ratio of 1.86 and a beta of 0.27.

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.