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

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lowered by National Bankshares from C$87.00 to C$81.00 in a research report released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research analysts have also commented on CCO. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. TD Securities reduced their price target 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. Finally, Scotiabank lowered their price objective on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Six investment analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$84.20.

Cameco Price Performance

CCO opened at C$53.83 on Wednesday. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market capitalization of C$23.69 billion, a PE ratio of 203.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The stock’s 50 day moving average price is C$64.51 and its 200-day moving average price is C$70.45. Cameco has a 52-week low of C$48.71 and a 52-week 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.