Berenberg Bank Raises Cameco (TSE:CCO) Price Target to C$96.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by Berenberg Bank from C$75.00 to C$96.00 in a research note issued on Tuesday,BayStreet.CA reports. Berenberg Bank’s price objective suggests a potential upside of 5.90% from the stock’s previous close.

Several other brokerages have also recently commented on CCO. Raymond James boosted their price target on Cameco from C$83.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Monday. Scotiabank lifted their target price on shares of Cameco from C$88.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Monday. TD Securities lifted 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. Bank of America lifted their target price on shares of Cameco from C$93.00 to C$106.00 in a research note on Tuesday. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and an average target price of C$92.92.

Cameco Stock Up 3.8%

Shares of CCO opened at C$90.65 on Tuesday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. 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 two-hundred day moving average is C$69.99. The firm has a market cap of C$39.90 billion, a P/E ratio of 342.50, a PEG ratio of 2.22 and a beta of 0.90.

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.