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

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

CCO has been the topic of several other research reports. TD Securities lowered their price objective on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$84.80.

Cameco Trading Down 1.2 %

Shares of Cameco stock opened at C$61.04 on Tuesday. The stock has a fifty day moving average price of C$66.86 and a 200-day moving average price of C$70.17. 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$26.87 billion, a PE ratio of 230.63, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18.

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.