Cameco (TSE:CCO) Price Target Cut to C$81.00 by Analysts at National Bankshares

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its target price decreased by National Bankshares from C$87.00 to C$81.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 53.00% from the company's current price.

Several other analysts have also issued reports on the stock. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Scotiabank lowered their price target on shares of Cameco from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Finally, TD Securities decreased their target price on shares of Cameco from C$91.00 to C$90.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Six investment analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and a consensus target price of C$84.20.

Cameco Stock Performance

Shares of CCO traded down C$0.89 during mid-day trading on Wednesday, hitting C$52.94. The stock had a trading volume of 1,994,260 shares, compared to its average volume of 1,248,586. 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 cap of C$23.30 billion, a P/E ratio of 200.02, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The business has a fifty day moving average price of C$64.51 and a 200-day moving average price of C$70.70.

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.