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Cairn Energy PLC (LON:CNE)‘s stock had its “sector perform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Wednesday. They currently have a GBX 230 ($3.84) price target on the stock. RBC Capital’s price objective indicates a potential upside of 22.80% from the company’s current price.

Cairn Energy PLC (LON:CNE) opened at 187.40 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 £1.084 billion.

A number of other firms have also recently commented on CNE. Analysts at Canaccord Genuity cut their price target on shares of Cairn Energy PLC from GBX 210 ($3.51) to GBX 190 ($3.18) in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Cairn Energy PLC from GBX 304 ($5.08) to GBX 288 ($4.81) in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. Cairn Energy PLC currently has an average rating of “Hold” and an average price target of GBX 269 ($4.50).

Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.

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