Cairn Energy PLC Rating Reiterated by Deutsche Bank (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Thursday. They currently have a GBX 280 ($4.80) target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 46.60% from the stock’s previous close.
Cairn Energy PLC (LON:CNE) traded down 5.86% on Thursday, hitting GBX 191.00. The stock had a trading volume of 3,259,322 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 199. and its 200-day moving average is GBX 203.1. The company’s market cap is £1.104 billion.
Several other analysts have also recently commented on the stock. Analysts at FirstEnergy Capital reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Wednesday. They now have a GBX 280 ($4.80) price target on the stock. Separately, analysts at Liberum Capital raised their price target on shares of Cairn Energy PLC from GBX 224 ($3.84) to GBX 231 ($3.96) in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 274.95 ($4.72).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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