Cairn Energy Receives “Overweight” Rating from JPMorgan Chase & Co. (CNE)
Cairn Energy (LON:CNE)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports.
Cairn Energy (LON:CNE) traded down 2.26% on Tuesday, hitting GBX 267.80. 1,101,643 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 268.0 and a 200-day moving average of GBX 270.1. The company’s market cap is £1.599 billion.
CNE has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Wednesday, December 18th. They now have a GBX 385 ($6.31) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Cairn Energy in a research note to investors on Wednesday, December 11th. They now have a GBX 290 ($4.76) price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Cairn Energy in a research note to investors on Monday, December 9th. They set an “outperform” rating and a GBX 360 ($5.90) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 355.69 ($5.83).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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