Cameco (TSE:CCO) PT Set at C$190.00 by Jefferies Financial Group

Key Points

• Jefferies Financial Group set a C$190 price target for Cameco and maintained a “buy” rating, implying 37.5% upside from the previous close.
• Analyst sentiment remains positive: Cameco has a consensus “Buy” rating and an average price target of C$176.36, with multiple firms recently raising their targets.
• Cameco shares rose to C$138.18, while the stock trades near the upper end of its 52-week range and carries elevated valuation metrics, including a price-to-earnings ratio of 170.59.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ has been given a C$190.00 target price by research analysts at Jefferies Financial Group in a report released on Thursday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 37.50% from the stock's previous close.

A number of other research firms have also issued reports on CCO. Canaccord Genuity Group boosted their price objective on Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. Scotia raised their target price on Cameco from C$150.00 to C$175.00 and gave the company a "sector outperform" rating in a research note on Wednesday, May 6th. Desjardins boosted their price target on shares of Cameco from C$185.00 to C$190.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on shares of Cameco from C$160.00 to C$175.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Finally, UBS Group upgraded shares of Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price target for the company in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$176.36.

Cameco Stock Performance

TSE CCO traded up C$4.72 during trading hours on Thursday, reaching C$138.18. The company's stock had a trading volume of 508,110 shares, compared to its average volume of 1,006,749. The company has a current ratio of 3.06, a quick ratio of 3.74 and a debt-to-equity ratio of 14.14. The business has a 50-day simple moving average of C$133.76 and a 200 day simple moving average of C$147.67. Cameco has a 52 week low of C$103.08 and a 52 week high of C$182.72. The stock has a market cap of C$60.18 billion, a PE ratio of 170.59, a PEG ratio of 2.22 and a beta of 0.78.

Insider Transactions at Cameco

In related news, insider Alexandre Aubin sold 300 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total value of C$44,559.00. Following the completion of the transaction, the insider directly owned 20 shares of the company's stock, valued at C$2,970.60. This represents a 93.75% decrease in their position. 0.15% of the stock is owned by company insiders.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.

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