Cairn Energy PLC Price Target Lowered to GBX 260 at Deutsche Bank (CNE)
Stock analysts at Deutsche Bank dropped their target price on shares of Cairn Energy PLC (LON:CNE) from GBX 280 ($4.68) to GBX 260 ($4.35) in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 38.81% from the company’s current price.
A number of other analysts have also recently weighed in 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. Cairn Energy PLC has an average rating of “Hold” and a consensus target price of GBX 269 ($4.50).
Shares of Cairn Energy PLC (LON:CNE) opened at 185.10 on Wednesday. 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 186.3 and a 200-day moving average of GBX 187.1. The company’s market cap is £1.070 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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