Cairn Energy PLC Receives “Outperform” Rating from Credit Suisse (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Monday. They currently have a GBX 304 ($5.18) target price on the stock. Credit Suisse’s price target would suggest a potential upside of 54.63% from the company’s current price.
Cairn Energy PLC (LON:CNE) opened at 198.40 on Monday. Cairn Energy PLC has a 52 week low of GBX 149.70 and a 52 week high of GBX 290.40. The stock has a 50-day moving average of GBX 195.7 and a 200-day moving average of GBX 207.4. The company’s market cap is £1.147 billion.
A number of other firms have also recently commented on CNE. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Friday, June 13th. They now have a GBX 330 ($5.62) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Friday, June 13th. They now have a GBX 280 ($4.77) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Cairn Energy PLC in a research note on Thursday, June 12th. They now have a GBX 250 ($4.26) price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Cairn Energy PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 284.63 ($4.85).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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