Share on StockTwits

Cairn Energy PLC (LON:CNE)‘s stock had its “market perform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Wednesday. They currently have a GBX 330 ($5.62) price target on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 62.00% from the company’s current price.

A number of other firms have also recently commented on CNE. Analysts at Jefferies Group reiterated a “buy” rating on shares of Cairn Energy PLC in a research note on Monday. They now have a GBX 285 ($4.85) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cairn Energy PLC in a research note on Monday. They now have a GBX 304 ($5.18) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Cairn Energy PLC in a research note on Monday, June 16th. They now have a GBX 304 ($5.18) price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 279.37 ($4.76).

Cairn Energy PLC (LON:CNE) traded down 0.49% during mid-day trading on Wednesday, hitting GBX 203.70. The stock had a trading volume of 550,554 shares. Cairn Energy PLC has a 52-week low of GBX 149.70 and a 52-week high of GBX 290.40. The stock’s 50-day moving average is GBX 197.2 and its 200-day moving average is GBX 205.4. The company’s market cap is £1.178 billion.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.