Oriel Securities Ltd Reiterates “Buy” Rating for Cairn Energy PLC (CNE)
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Friday, August 22nd. They now have a GBX 330 ($5.46) price target on the stock. Separately, analysts at Investec raised their price target on shares of Cairn Energy PLC from GBX 220 ($3.64) to GBX 245 ($4.05) in a research note on Thursday, August 21st. 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, August 20th. They now have a GBX 230 ($3.81) price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 264.15 ($4.37).
Shares of Cairn Energy PLC (LON:CNE) opened at 190.60 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’s 50-day moving average is GBX 183. and its 200-day moving average is GBX 186.3. The company’s market cap is £1.098 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.