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

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by stock analysts at Berenberg Bank from C$75.00 to C$96.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Berenberg Bank’s price objective points to a potential upside of 5.90% from the company’s current price.

Other analysts have also issued reports about the stock. TD Securities upped their target price on shares of Cameco from C$77.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday. Desjardins upgraded shares of Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. National Bankshares upped their target price on shares of Cameco from C$81.00 to C$95.00 in a research note on Monday. Raymond James upped their target price 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. Finally, Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st. Eight equities research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Buy” and an average price target of C$92.92.

Cameco Stock Up 3.8%

Shares of TSE:CCO opened at C$90.65 on Tuesday. 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 capitalization of C$39.90 billion, a PE ratio of 342.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The firm’s 50-day moving average is C$68.69 and its two-hundred day moving average is C$69.99. Cameco has a 1 year low of C$48.71 and a 1 year high of C$93.22.

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.