Sanford C. Bernstein Reaffirms “Market Perform” Rating for Cairn Energy PLC (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “market perform” rating reaffirmed by Sanford C. Bernstein in a research note issued on Monday. They currently have a GBX 330 ($5.48) target price on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 83.74% from the company’s current price.
A number of other firms have also recently commented on CNE. Analysts at HSBC reiterated an “overweight” rating on shares of Cairn Energy PLC in a research note on Friday. They now have a GBX 310 ($5.14) price target on the stock. Separately, 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 ($4.31) price target on the stock. Finally, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Cairn Energy PLC in a research note on Wednesday, August 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. Cairn Energy PLC has an average rating of “Hold” and an average price target of GBX 264.15 ($4.38).
Cairn Energy PLC (LON:CNE) opened at 184.10 on Monday. 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 182.5 and its 200-day moving average is GBX 186.1. The company’s market cap is £1.060 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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