Cairn Energy Stock Rating Reaffirmed by BNP Paribas (CNE)
Cairn Energy (LON:CNE)‘s stock had its “outperform” rating reiterated by BNP Paribas in a research note issued on Thursday, AmericanBankingNews.com reports. They currently have a GBX 335 ($5.50) price objective on the stock. BNP Paribas’ price objective suggests a potential upside of 26.22% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Wednesday. They now have a GBX 406 ($6.66) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Cairn Energy in a research note to investors on Tuesday. They now have a GBX 410 ($6.73) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Tuesday. They now have a GBX 385 ($6.32) price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 348.68 ($5.72).
Cairn Energy (LON:CNE) traded down 0.57% on Thursday, hitting GBX 263.90. The stock had a trading volume of 1,036,398 shares. 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 267.5 and a 200-day moving average of GBX 271.1. The company’s market cap is £1.576 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.