Cairn Energy Stock Rating Reaffirmed by Sanford C. Bernstein (CNE)
Cairn Energy (LON:CNE)‘s stock had its “market perform” rating reiterated by research analysts at Sanford C. Bernstein in a report released on Thursday, Analyst Ratings Network reports. They currently have a GBX 330 ($5.32) price target on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 24.95% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura cut their price target on shares of Cairn Energy (LON:CNE) from GBX 400 ($6.45) to GBX 370 ($5.97) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Cairn Energy (LON:CNE) in a research note to investors on Friday, September 27th. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Cairn Energy (LON:CNE) in a research note to investors on Thursday, September 26th. They now have a GBX 256 ($4.13) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 357.35 ($5.77).
Shares of Cairn Energy (LON:CNE) traded down 0.87% on Thursday, hitting GBX 261.80. 969,882 shares of the company’s stock traded hands. Cairn Energy has a 52-week low of GBX 250.70 and a 52-week 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 £1.564 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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