Cairn Energy PLC’s Hold Rating Reiterated at Canaccord Genuity (CNE)
Cairn Energy PLC (LON:CNE)‘s stock had its “hold” rating restated by Canaccord Genuity in a research note issued on Tuesday. They currently have a GBX 190 ($3.15) price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 4.40% from the company’s current price.
A number of other firms have also recently commented on CNE. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Monday. They now have a GBX 330 ($5.48) price target on the stock. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Cairn Energy PLC in a research note on Thursday, August 28th. They now have a GBX 260 ($4.31) price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. Cairn Energy PLC has an average rating of “Hold” and an average target price of GBX 264.15 ($4.38).
Cairn Energy PLC (LON:CNE) opened at 187.10 on Tuesday. 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 182.1 and a 200-day moving average of GBX 185.7. The company’s market cap is £1.078 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.
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