Cairn Energy Receives Average Recommendation of “Buy” from Analysts (LON:CNE)
Cairn Energy (LON:CNE) has earned a consensus rating of “Buy” from the twenty-five ratings firms that are presently covering the stock, AnalystRatings.NET reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 328.18 ($5.46).
A number of research firms have recently commented on CNE. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Cairn Energy in a research note on Tuesday. They now have a GBX 307 ($5.11) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Cairn Energy in a research note on Monday, February 3rd. They now have a GBX 240 ($3.99) price target on the stock.
Shares of Cairn Energy (LON:CNE) traded up 0.10% on Wednesday, hitting GBX 192.30. The stock had a trading volume of 967,769 shares. Cairn Energy has a 52 week low of GBX 188.50 and a 52 week high of GBX 309.60. The stock has a 50-day moving average of GBX 228.9 and a 200-day moving average of GBX 260.7. The company’s market cap is £1.148 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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