Jefferies Group reaffirmed their buy rating on shares of Cairn Energy PLC (LON:CNE) in a research note issued to investors on Thursday. They currently have a GBX 285 ($3.53) price target on the oil and gas development company’s stock.
Other equities analysts have also recently issued reports about the stock. Barclays PLC lifted their price objective on shares of Cairn Energy PLC from GBX 230 ($2.85) to GBX 240 ($2.97) and gave the stock an equal weight rating in a research note on Thursday, June 9th. Goldman Sachs Group Inc. lifted their price objective on shares of Cairn Energy PLC from GBX 191.50 ($2.37) to GBX 203.90 ($2.52) and gave the stock a neutral rating in a research note on Tuesday, June 28th. Liberum Capital lifted their price objective on shares of Cairn Energy PLC from GBX 175 ($2.17) to GBX 209 ($2.59) and gave the stock a hold rating in a research note on Wednesday, June 29th. Deutsche Bank AG reissued a hold rating and issued a GBX 230 ($2.85) price objective on shares of Cairn Energy PLC in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 227 ($2.81) price objective on shares of Cairn Energy PLC in a research note on Friday, July 15th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Cairn Energy PLC currently has an average rating of Hold and an average target price of GBX 215.55 ($2.67).
Cairn Energy PLC (LON:CNE) opened at 207.50 on Thursday. The stock’s market capitalization is GBX 1.19 billion. Cairn Energy PLC has a 12 month low of GBX 124.70 and a 12 month high of GBX 232.00. The company has a 50-day moving average of GBX 189.23 and a 200 day moving average of GBX 197.09.
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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