Cairn Energy PLC Stock Rating Reaffirmed by Societe Generale (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “sell” rating restated by equities researchers at Societe Generale in a research report issued on Monday. They currently have a GBX 145 ($2.42) price target on the stock. Societe Generale’s price objective would indicate a potential downside of 19.27% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Cairn Energy PLC in a research note on Monday, August 11th. They now have a GBX 304 ($5.08) 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 Friday, August 8th. They now have a GBX 330 ($5.52) price target on the stock. Finally, 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 ($5.02) price target on the stock. Two equities 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 company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 273.41 ($4.57).
Shares of Cairn Energy PLC (LON:CNE) opened at 181.15 on Monday. Cairn Energy PLC has a 1-year low of GBX 149.70 and a 1-year high of GBX 290.40. The stock has a 50-day moving average of GBX 186.9 and a 200-day moving average of GBX 188.1. The company’s market cap is £1.047 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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