Cairn Energy PLC Receives “Overweight” Rating from HSBC (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “overweight” rating reiterated by equities researchers at HSBC in a research report issued on Friday. They currently have a GBX 310 ($5.13) target price on the stock. HSBC’s target price indicates a potential upside of 70.89% from the company’s current price.
A number of other firms have also recently commented on CNE. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Thursday. They now have a GBX 260 ($4.30) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Cairn Energy PLC in a research note on Wednesday. Finally, 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Cairn Energy PLC has an average rating of “Hold” and an average price target of GBX 264.15 ($4.37).
Cairn Energy PLC (LON:CNE) opened at 180.00 on Friday. Cairn Energy PLC has a 1-year low of GBX 149.70 and a 1-year high of GBX 290.40. The stock has a 50-day moving average of GBX 183.2 and a 200-day moving average of GBX 186.2. The company’s market cap is £1.037 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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