Cairn Energy PLC’s (CNE) Overweight Rating Reaffirmed at Barclays PLC
Cairn Energy PLC (LON:CNE)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays PLC in a report issued on Wednesday.
Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reduced their target price on shares of Cairn Energy PLC from GBX 270 ($3.51) to GBX 230 ($2.99) and set an “outperform” rating on the stock in a report on Tuesday. Canaccord Genuity increased their target price on shares of Cairn Energy PLC from GBX 240 ($3.12) to GBX 250 ($3.25) and gave the stock a “buy” rating in a report on Wednesday. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 228 ($2.96) target price on shares of Cairn Energy PLC in a report on Wednesday. Deutsche Bank AG increased their target price on shares of Cairn Energy PLC from GBX 235 ($3.05) to GBX 240 ($3.12) and gave the stock a “buy” rating in a report on Wednesday. Finally, Credit Suisse Group reduced their target price on shares of Cairn Energy PLC from GBX 280 ($3.63) to GBX 260 ($3.38) and set an “outperform” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 251.35 ($3.26).
Cairn Energy PLC (LON:CNE) opened at 178.80 on Wednesday. Cairn Energy PLC has a 12-month low of GBX 164.20 and a 12-month high of GBX 250.60. The stock’s market cap is GBX 1.03 billion. The firm’s 50 day moving average price is GBX 174.16 and its 200-day moving average price is GBX 196.65.
Cairn Energy PLC Company Profile
Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea.
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