Cairn Energy PLC Receives Average Recommendation of “Hold” from Brokerages (LON:CNE)
Shares of Cairn Energy PLC (LON:CNE) have received a consensus rating of “Hold” from the twenty-six brokerages that are covering the stock, AnalystRatingsNetwork.com reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 272.62 ($4.56).
Shares of Cairn Energy PLC (LON:CNE) remained flat at GBX 187.40 during during mid-day trading trading on Tuesday. 1,159,278 shares of the company’s stock traded hands. 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 186. and its 200-day moving average is GBX 187.3. The company’s market cap is £1.084 billion.
A number of research firms have recently commented on CNE. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cairn Energy PLC in a research note on Tuesday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cairn Energy PLC in a research note on Tuesday. They now have a GBX 266 ($4.45) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Tuesday. They now have a GBX 231 ($3.86) price target on the stock.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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