Cairn Energy PLC (CNE) Earns “Overweight” Rating from Barclays PLC
Cairn Energy PLC (LON:CNE)‘s stock had its “overweight” rating restated by stock analysts at Barclays PLC in a report issued on Monday. They currently have a GBX 295 ($3.65) target price on the oil and gas development company’s stock. Barclays PLC’s price objective indicates a potential upside of 36.95% from the company’s current price.
A number of other equities analysts have also recently commented on the company. Jefferies Group reiterated a “buy” rating and issued a GBX 285 ($3.53) target price on shares of Cairn Energy PLC in a report on Thursday, October 6th. Canaccord Genuity upgraded Cairn Energy PLC to a “buy” rating and set a GBX 230 ($2.85) price objective for the company in a report on Friday, September 16th. Deutsche Bank AG restated a “hold” rating and set a GBX 240 ($2.97) price objective on shares of Cairn Energy PLC in a report on Monday, September 12th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 215 ($2.66) price objective on shares of Cairn Energy PLC in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Cairn Energy PLC from GBX 227 ($2.81) to GBX 235 ($2.91) and gave the company an “overweight” rating in a report on Wednesday, August 17th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cairn Energy PLC presently has an average rating of “Hold” and a consensus price target of GBX 216.38 ($2.68).
Shares of Cairn Energy PLC (LON:CNE) opened at 215.30 on Monday. Cairn Energy PLC has a 1-year low of GBX 124.70 and a 1-year high of GBX 232.00. The stock’s market capitalization is GBX 1.23 billion. The stock 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 Company Profile
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.
Receive News & Stock Ratings for Cairn Energy PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cairn Energy PLC and related stocks with our FREE daily email newsletter.