Cairn Energy Given Overweight Rating at JPMorgan Chase & Co. (CNE)
Cairn Energy (LON:CNE)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Thursday, AnalystRatings.Net reports.
Shares of Cairn Energy (LON:CNE) traded up 0.26% on Thursday, hitting GBX 265.00. The stock had a trading volume of 2,350,583 shares. Cairn Energy has a 1-year low of GBX 250.70 and a 1-year high of GBX 309.60. The stock has a 50-day moving average of GBX 268.2 and a 200-day moving average of GBX 270.7. The company’s market cap is £1.583 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Cairn Energy from GBX 330 ($5.44) to GBX 285 ($4.70) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Cairn Energy from GBX 370 ($6.10) to GBX 350 ($5.77) in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Friday, January 10th. They now have a GBX 355 ($5.85) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Cairn Energy currently has a consensus rating of “Buy” and an average target price of GBX 351.58 ($5.79).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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