Cairn Energy Stock Rating Reaffirmed by Canaccord Genuity (CNE)
Cairn Energy (LON: CNE)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a $6.03 (375 GBX) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group upgraded shares of Cairn Energy to a “buy” rating in a research note to investors on Friday, September 28th. They now have a $6.21 price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Cairn Energy in a research note to investors on Thursday, September 27th. They now have a $5.65 price target on the stock. Finally, analysts at Liberum Capital Ltd reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Tuesday, September 4th. They now have a $5.71 price target on the stock.
Cairn Energy opened at 279.60 on Thursday. Cairn Energy has a 52-week low of GBX 245.20 and a 52-week high of GBX 364.90. The company’s market cap is £1.979 billion.
Cairn Energy PLC (Cairn) is an independent oil and gas exploration and development company. It is organized into two business units: Cairn Energy Group and Cairn India Group.
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