Cairn Energy (LON:CNE) had its price target decreased by stock analysts at Deutsche Bank from GBX 240 ($3.32) to GBX 230 ($3.18) in a research note issued on Wednesday. The firm currently has a “hold” rating on the oil and gas development company’s stock. Deutsche Bank’s price target indicates a potential upside of 18.92% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Jefferies Group lowered shares of Cairn Energy to a “hold” rating and lifted their price objective for the company from GBX 225 ($3.11) to GBX 235 ($3.25) in a research report on Wednesday, December 20th. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.45) price objective on shares of Cairn Energy in a research report on Wednesday, November 22nd. Royal Bank of Canada lifted their price objective on shares of Cairn Energy from GBX 245 ($3.38) to GBX 300 ($4.14) and gave the company an “outperform” rating in a research report on Monday, January 29th. Peel Hunt reiterated a “buy” rating and issued a GBX 260 ($3.59) price objective on shares of Cairn Energy in a research report on Tuesday, January 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 260 ($3.59) price objective on shares of Cairn Energy in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 261.64 ($3.61).
Cairn Energy (LON:CNE) opened at GBX 193.40 ($2.67) on Wednesday. Cairn Energy has a 1 year low of GBX 164.20 ($2.27) and a 1 year high of GBX 237 ($3.27). The firm has a market cap of $1,130.00 and a price-to-earnings ratio of 623.87.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cairn Energy and related companies with MarketBeat.com's FREE daily email newsletter.