Yellow Cake PLC 33.8% potential upside indicated by Berenberg Bank

Yellow Cake PLC with ticker (LON:YCA) now has a potential upside of 33.8% according to Berenberg Bank.

YCA.L

Berenberg Bank set a target price of 722 GBX for the company, which when compared to the Yellow Cake PLC share price of 540 GBX at opening today (04/11/2024) indicates a potential upside of 33.8%. Trading has ranged between 480 (52 week low) and 750 (52 week high) with an average of 1,117,207 shares exchanging hands daily. The market capitalisation at the time of writing is £1,134,947,192.

Yellow Cake plc is a Jersey-based specialist company operating in the uranium sector holding physical uranium for the long term. It offers exposure to the uranium spot price. The Company is engaged in providing investors with direct exposure to the uranium market through its physical holding of uranium oxide concentrate (U3O8) and uranium-related commercial activities. This creates an opportunity to profit from an anticipated rise in the uranium price arising from the short- and medium-term supply and demand asymmetry. Its operating segment is the holding of U3O8 for long-term capital appreciation. It holds 20.16 million pounds of U3O8, all of which is held in storage in Canada and France. It also has an agreement for the supply of U3O8 with JSC National Atomic Company Kazatomprom (Kazatomprom).