Cairn Energy PLC Receives Consensus Recommendation of “Hold” from Analysts (LON:CNE)
Shares of Cairn Energy PLC (LON:CNE) have earned a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the company, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 264.15 ($4.42).
CNE has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Friday. They now have a GBX 330 ($5.52) price target on the stock. Separately, 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. Finally, 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.
Cairn Energy PLC (LON:CNE) opened at 182.50 on Tuesday. 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 184.7 and its 200-day moving average is GBX 186.8. The company’s market cap is £1.051 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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