Cairn Energy PLC’s Market Perform Rating Reaffirmed at Sanford C. Bernstein (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “market perform” rating restated by stock analysts at Sanford C. Bernstein in a report issued on Friday. They currently have a GBX 330 ($5.55) price objective on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 80.72% from the stock’s previous close.
Cairn Energy PLC (LON:CNE) opened at 176.40 on Friday. Cairn Energy PLC has a one year low of GBX 149.70 and a one year high of GBX 290.40. The stock’s 50-day moving average is GBX 191.3 and its 200-day moving average is GBX 191.. The company’s market cap is £1.020 billion.
A number of other analysts have also recently weighed in on CNE. Analysts at Investec reiterated a “sell” rating on shares of Cairn Energy PLC in a research note on Friday, August 1st. They now have a GBX 300 ($5.05) 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, July 28th. They now have a GBX 304 ($5.12) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Cairn Energy PLC from GBX 279 ($4.69) to GBX 271 ($4.56) in a research note on Thursday, July 24th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Cairn Energy PLC presently has an average rating of “Hold” and a consensus target price of GBX 273.41 ($4.60).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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