Barclays PLC restated their overweight rating on shares of Cairn Energy PLC (LON:CNE) in a report issued on Monday. The firm currently has a GBX 295 ($3.60) price target on the oil and gas development company’s stock.
Other analysts also recently issued reports about the company. Royal Bank Of Canada raised Cairn Energy PLC to an outperform rating and set a GBX 260 ($3.17) price target for the company in a report on Thursday, July 28th. Deutsche Bank AG lifted their price target on Cairn Energy PLC from GBX 230 ($2.80) to GBX 240 ($2.93) and gave the stock a hold rating in a report on Thursday, August 18th. Jefferies Group reaffirmed a buy rating and set a GBX 285 ($3.47) price target on shares of Cairn Energy PLC in a report on Thursday, September 15th. Canaccord Genuity raised Cairn Energy PLC to a buy rating and set a GBX 230 ($2.80) price target for the company in a report on Friday, September 16th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 227 ($2.77) price target on shares of Cairn Energy PLC in a report on Friday, July 15th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 216.38 ($2.64).
Cairn Energy PLC (LON:CNE) opened at 215.10 on Monday. The stock’s market cap is GBX 1.23 billion. The firm’s 50-day moving average price is GBX 191.45 and its 200-day moving average price is GBX 197.42. Cairn Energy PLC has a 12 month low of GBX 124.70 and a 12 month high of GBX 232.00.
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.
Receive News & Ratings for Cairn Energy PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cairn Energy PLC and related companies with MarketBeat.com's FREE daily email newsletter.