Brokerages Set Cairn Energy PLC (CNE) Target Price at $216.38
Cairn Energy PLC (LON:CNE) has received a consensus rating of “Hold” from the twenty ratings firms that are presently 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 target price among analysts that have covered the stock in the last year is GBX 216.38 ($2.70).
Several equities research analysts have weighed in on CNE shares. Numis Securities Ltd restated an “add” rating and set a GBX 210 ($2.62) price target on shares of Cairn Energy PLC in a report on Tuesday, August 16th. Mirabaud Securities restated a “buy” rating and set a GBX 240 ($3.00) price target on shares of Cairn Energy PLC in a report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating and set a GBX 285 ($3.56) price target on shares of Cairn Energy PLC in a report on Thursday, September 15th. Canaccord Genuity upgraded Cairn Energy PLC to a “buy” rating and set a GBX 230 ($2.87) price target on the stock in a report on Friday, September 16th. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 230 ($2.87) price target on shares of Cairn Energy PLC in a report on Friday, August 12th.
Cairn Energy PLC (LON:CNE) opened at 192.50 on Friday. Cairn Energy PLC has a 52 week low of GBX 124.70 and a 52 week high of GBX 232.00. The stock has a 50 day moving average price of GBX 200.93 and a 200 day moving average price of GBX 196.35. The stock’s market capitalization is GBX 1.10 billion.
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.
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