Cairn Energy PLC Receives Outperform Rating from Credit Suisse (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse in a report issued on Monday, Stock Ratings Network reports. They currently have a GBX 304 ($5.04) price target on the stock. Credit Suisse’s price target indicates a potential upside of 82.58% from the company’s current price.
Cairn Energy PLC (LON:CNE) traded up 0.66% during mid-day trading on Monday, hitting GBX 167.60. 996,059 shares of the company’s stock traded hands. Cairn Energy PLC has a one year low of GBX 149.70 and a one year high of GBX 309.60. The stock’s 50-day moving average is GBX 183. and its 200-day moving average is GBX 242.3. The company’s market cap is £997.9 million.
CNE has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Friday. They now have a GBX 280 ($4.64) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Thursday. They now have a GBX 230 ($3.81) price target on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of Cairn Energy PLC in a research note on Tuesday, April 1st. They now have a GBX 310 ($5.14) price target on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Cairn Energy PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 283.95 ($4.71).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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