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

Cameco (TSE:CCO) (NYSE:CCJ) had its target price decreased by Scotiabank from C$85.00 to C$81.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. TD Securities decreased their price objective on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, February 21st. Six analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$84.80.

Cameco Stock Down 3.1 %

Shares of CCO stock opened at C$63.51 on Tuesday. Cameco has a 12-month low of C$48.71 and a 12-month high of C$88.18. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a fifty day moving average of C$67.25 and a 200-day moving average of C$70.07. The company has a market capitalization of C$27.95 billion, a price-to-earnings ratio of 239.96, a P/E/G 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.