Cairn Energy PLC Receives Average Recommendation of “Hold” from Brokerages (LON:CNE)
Shares of Cairn Energy PLC (LON:CNE) have received a consensus recommendation of “Hold” from the twenty-six ratings firms that are covering the company, StockRatingsNetwork reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 274.95 ($4.72).
Several analysts have recently commented on the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of Cairn Energy PLC in a research note on Friday. They now have a GBX 145 ($2.49) 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 Thursday. They now have a GBX 280 ($4.80) price target on the stock. Finally, 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.
Shares of Cairn Energy PLC (LON:CNE) opened at 190.50 on Tuesday. Cairn Energy PLC has a 1-year low of GBX 149.70 and a 1-year high of GBX 290.40. The stock’s 50-day moving average is GBX 199.8 and its 200-day moving average is GBX 203.0. The company’s market cap is £1.101 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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