Cairn Energy PLC PT Raised to GBX 231 at Liberum Capital (CNE)
Liberum Capital raised their price target on shares of Cairn Energy PLC (LON:CNE) from GBX 224 ($3.84) to GBX 231 ($3.96) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 13.85% from the company’s current price.
A number of other analysts have also recently weighed in on CNE. Analysts at Tudor Pickering downgraded shares of Cairn Energy PLC to a “hold” rating in a research note on Friday, July 4th. They now have a GBX 230 ($3.95) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Wednesday, July 2nd. They now have a GBX 330 ($5.66) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Cairn Energy PLC in a research note on Monday, June 30th. They now have a GBX 285 ($4.89) price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 274.95 ($4.72).
Shares of Cairn Energy PLC (LON:CNE) traded up 4.75% during mid-day trading on Wednesday, hitting GBX 202.90. The stock had a trading volume of 2,121,888 shares. Cairn Energy PLC has a one year low of GBX 149.70 and a one year high of GBX 290.40. The stock has a 50-day moving average of GBX 199.3 and a 200-day moving average of GBX 203.6. The company’s market cap is £1.173 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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