Cairn Energy PLC’s Sector Perform Rating Reaffirmed at RBC Capital (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “sector perform” rating reaffirmed by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a GBX 250 ($4.21) target price on the stock. RBC Capital’s target price suggests a potential upside of 33.76% from the company’s current price.
Cairn Energy PLC (LON:CNE) opened at 188.00 on Wednesday. Cairn Energy PLC has a 52 week low of GBX 149.70 and a 52 week high of GBX 292.60. The stock has a 50-day moving average of GBX 174.6 and a 200-day moving average of GBX 220.8. The company’s market cap is £1.087 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Cairn Energy PLC in a research note on Friday, May 16th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Friday, May 16th. They now have a GBX 280 ($4.71) price target on the stock. Finally, analysts at Davy Research reiterated a “neutral” rating on shares of Cairn Energy PLC in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 286.53 ($4.82).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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