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Cairn Energy (LON:CNE)‘s stock had its “buy” rating reiterated by Liberum Capital in a research note issued on Monday, Analyst Ratings Net reports. They currently have a GBX 352 ($5.80) price target on the stock. Liberum Capital’s price objective suggests a potential upside of 48.46% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley cut their price target on shares of Cairn Energy from GBX 375 ($6.18) to GBX 350 ($5.77) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Cairn Energy from GBX 335 ($5.52) to GBX 318 ($5.24) in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Wednesday, January 22nd. They now have a GBX 406 ($6.69) price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 344.03 ($5.67).

Cairn Energy (LON:CNE) traded down 4.20% on Monday, hitting GBX 237.10. 3,501,166 shares of the company’s stock traded hands. Cairn Energy has a one year low of GBX 245.90 and a one year high of GBX 309.60. The stock’s 50-day moving average is GBX 266.6 and its 200-day moving average is GBX 270.8. The company’s market cap is £1.416 billion.

Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.

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