Cairn Energy PLC’s “Hold” Rating Reiterated at Liberum Capital (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “hold” rating reaffirmed by equities researchers at Liberum Capital in a research report issued on Tuesday. They currently have a GBX 231 ($3.86) price target on the stock. Liberum Capital’s target price would suggest a potential upside of 23.27% from the stock’s previous close.
Shares of Cairn Energy PLC (LON:CNE) opened at 180.40 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 186. and its 200-day moving average is GBX 187.3. The company’s market cap is £1.043 billion.
A number of other analysts have also recently weighed in on CNE. 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. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 272.62 ($4.56).
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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