Cameco (TSE:CCO) Price Target Raised to C$96.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price boosted by Berenberg Bank from C$75.00 to C$96.00 in a report issued on Tuesday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on CCO. BMO Capital Markets lifted their target price on shares of Cameco from C$85.00 to C$95.00 and gave the stock an “outperform” rating in a report on Monday. TD Securities boosted their price objective on shares of Cameco from C$77.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus boosted their price objective on shares of Cameco from C$90.00 to C$105.00 in a report on Tuesday. Scotiabank boosted their price target on Cameco from C$88.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st. Eight analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$92.92.

Cameco Price Performance

CCO opened at C$89.99 on Tuesday. The stock has a 50-day moving average price of C$69.43 and a 200-day moving average price of C$70.05. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a market cap of C$39.61 billion, a PE ratio of 340.01, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 1 year low of C$48.71 and a 1 year high of C$93.22.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.