Cairn Energy PLC Given New GBX 288 Price Target at Credit Suisse (CNE)
Stock analysts at Credit Suisse decreased their price target on shares of Cairn Energy PLC (LON:CNE) from GBX 304 ($5.08) to GBX 288 ($4.81) in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 53.76% from the stock’s previous close.
CNE has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of Cairn Energy PLC from GBX 280 ($4.68) to GBX 260 ($4.35) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cairn Energy PLC in a research note on Tuesday. Finally, 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. 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 has an average rating of “Hold” and an average target price of GBX 269 ($4.50).
Cairn Energy PLC (LON:CNE) opened at 184.30 on Wednesday. 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 186.3 and its 200-day moving average is GBX 187.1. The company’s market cap is £1.066 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.