National Bankshares Cuts Cameco (TSE:CCO) Price Target to C$81.00

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price objective reduced by investment analysts at National Bankshares from C$87.00 to C$81.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 50.47% from the stock's previous close.

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

Cameco Stock Performance

Shares of CCO stock traded down C$3.82 during trading hours on Wednesday, hitting C$53.83. 1,897,200 shares of the company were exchanged, compared to its average volume of 1,242,892. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The firm has a fifty day simple moving average of C$64.51 and a 200 day simple moving average of C$70.58. The stock has a market capitalization of C$23.69 billion, a price-to-earnings ratio of 203.39, a P/E/G ratio of 2.22 and a beta of 0.90.

Remove Ads

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.