Cairn Energy PLC’s “Market Perform” Rating Reiterated at Sanford C. Bernstein (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “market perform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They currently have a GBX 330 ($5.52) price target on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 79.93% from the company’s current price.
A number of other firms have also recently commented on CNE. Analysts at Investec raised their price target on shares of Cairn Energy PLC from GBX 220 ($3.68) to GBX 245 ($4.10) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Cairn Energy PLC in a research note on Wednesday. They now have a GBX 230 ($3.84) price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. Cairn Energy PLC presently has a consensus rating of “Hold” and an average price target of GBX 266.38 ($4.45).
Shares of Cairn Energy PLC (LON:CNE) opened at 183.00 on Friday. 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 185.2 and a 200-day moving average of GBX 186.9. The company’s market cap is £1.058 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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