Cairn Energy’s “Outperform” Rating Reaffirmed at Davy Research (CNE)
Cairn Energy (LON:CNE)‘s stock had its “outperform” rating reaffirmed by analysts at Davy Research in a research report issued to clients and investors on Friday, Stock Ratings Network reports.
Shares of Cairn Energy (LON:CNE) opened at 266.20 on Friday. Cairn Energy has a one year low of GBX 250.70 and a one year high of GBX 309.60. The stock has a 50-day moving average of GBX 274.3 and a 200-day moving average of GBX 275.3. The company’s market cap is £1.590 billion.
A number of other firms have also recently commented on CNE. Analysts at AlphaValue reiterated a “reduce” rating on shares of Cairn Energy (LON:CNE) in a research note to investors on Thursday. They now have a GBX 256 ($4.10) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Cairn Energy (LON:CNE) in a research note to investors on Thursday, September 5th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cairn Energy (LON:CNE) in a research note to investors on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. Cairn Energy has a consensus rating of “Buy” and a consensus target price of GBX 358.54 ($5.74).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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