Cameco (TSE:CCO) Given New C$96.00 Price Target at Berenberg Bank

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

A number of other research analysts also recently weighed in on CCO. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. National Bankshares lifted their price target on shares of Cameco from C$81.00 to C$95.00 in a research report on Monday. Raymond James boosted their price objective on shares of Cameco from C$83.00 to C$88.00 and gave the stock an "outperform" rating in a research note on Monday. Canaccord Genuity Group lifted their target price on shares of Cameco from C$83.50 to C$92.00 and gave the stock a "buy" rating in a report on Monday. Finally, Stifel Nicolaus upped their price target on shares of Cameco from C$90.00 to C$105.00 in a report on Tuesday. Eight analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$92.92.

Cameco Stock Up 0.6%

Shares of Cameco stock traded up C$0.54 during midday trading on Tuesday, reaching C$90.53. 1,133,501 shares of the company's stock traded hands, compared to its average volume of 1,220,519. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. Cameco has a 52 week low of C$48.71 and a 52 week high of C$93.22. The company's 50 day simple moving average is C$69.43 and its 200 day simple moving average is C$70.05. The company has a market cap of C$39.85 billion, a price-to-earnings ratio of 342.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco Company Profile

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.