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Berenberg Raises Cameco (TSE:CCO, NYSE:CCJ) Price Target to CAD96.00; Consensus Average at CAD92.92
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Highlights
Cameco Corporation (TSE:CCO, NYSE:CCJ) has seen multiple upward revisions in its price targets, with Berenberg Bank recently raising its estimate from CAD75.00 to CAD96.00. This new target suggests a potential upside of approximately 10.76% compared to the stock’s prior closing price.
Several other financial institutions have also adjusted their targets higher. Desjardins upgraded Cameco to a “moderate buy” rating in early April. TD Securities increased their price objective from CAD77.00 to CAD100.00 and maintained a “buy” rating on Monday. Raymond James followed with a target increase from CAD83.00 to CAD88.00 and assigned an “outperform” rating.
Stifel Nicolaus raised its price target from CAD90.00 to CAD105.00 on Tuesday, representing one of the highest targets among analysts. BMO Capital Markets also lifted its target from CAD85.00 to CAD95.00 while maintaining an “outperform” rating.
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