Shares of Cairn Energy PLC (LON:CNE) have earned an average rating of “Hold” from the twenty analysts that are covering the stock. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 215.55 ($2.67).

Several equities research analysts have recently commented on CNE shares. Numis Securities Ltd restated an “add” rating and issued a GBX 210 ($2.60) price target on shares of Cairn Energy PLC in a report on Tuesday, August 16th. Mirabaud Securities restated a “buy” rating and issued a GBX 240 ($2.97) price target on shares of Cairn Energy PLC in a report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating and issued a GBX 285 ($3.53) price target on shares of Cairn Energy PLC in a report on Thursday, September 15th. Canaccord Genuity upgraded shares of Cairn Energy PLC to a “buy” rating and set a GBX 230 ($2.85) price target for the company in a report on Friday, September 16th. Finally, Barclays PLC boosted their price target on shares of Cairn Energy PLC from GBX 240 ($2.97) to GBX 260 ($3.22) and gave the company an “equal weight” rating in a report on Wednesday, July 13th.

Shares of Cairn Energy PLC (LON:CNE) traded up 1.13% during midday trading on Friday, reaching GBX 215.40. 1,724,685 shares of the company traded hands. The company has a 50 day moving average price of GBX 190.80 and a 200 day moving average price of GBX 197.42. Cairn Energy PLC has a 1-year low of GBX 124.70 and a 1-year high of GBX 232.00. The company’s market capitalization is GBX 1.23 billion.

About Cairn Energy PLC

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea.

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