Cairn Energy PLC’s “Buy” Rating Reiterated at Jefferies Group (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They currently have a GBX 266 ($4.45) target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 41.94% from the company’s current price.
Shares of Cairn Energy PLC (LON:CNE) opened at 179.70 on Tuesday. Cairn Energy PLC has a 52-week low of GBX 149.70 and a 52-week high of GBX 290.40. The stock has a 50-day moving average of GBX 186. and a 200-day moving average of GBX 187.3. The company’s market cap is £1.039 billion.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Cairn Energy PLC in a research note on Monday. They now have a GBX 145 ($2.42) price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 272.55 ($4.56).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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