Berenberg Bank Forecasts Strong Price Appreciation for Cameco (TSE:CCO) Stock

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

A number of other research analysts have also weighed in on CCO. Stifel Nicolaus raised their price objective on Cameco from C$90.00 to C$105.00 in a report on Tuesday. BMO Capital Markets boosted their price target on shares of Cameco from C$85.00 to C$95.00 and gave the stock an "outperform" rating in a research report on Monday. TD Securities upped their price objective on shares of Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a research note on Monday. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Scotiabank increased their price target on Cameco from C$88.00 to C$93.00 and gave the company an "outperform" rating in a report on Monday. Eight analysts have rated the stock with a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco currently has an average rating of "Buy" and a consensus price target of C$92.92.

Cameco Price Performance

CCO stock traded down C$0.01 during mid-day trading on Tuesday, reaching C$90.64. 207,515 shares of the company's stock were exchanged, compared to its average volume of 1,214,509. 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 company has a market cap of C$39.89 billion, a price-to-earnings ratio of 342.47, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 12-month low of C$48.71 and a 12-month high of C$93.22. The stock's 50 day moving average is C$68.69 and its 200 day moving average is C$69.99.

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.