Brokerages Set Cairn Energy PLC (LON:CNE) PT at GBX 221.33
Shares of Cairn Energy PLC (LON:CNE) have earned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 221.33 ($2.89).
CNE has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Cairn Energy in a research report on Friday, September 6th. Morgan Stanley cut their price target on shares of Cairn Energy from GBX 202 ($2.64) to GBX 194 ($2.53) and set an “equal weight” rating on the stock in a report on Friday, September 6th. Barclays reduced their price target on shares of Cairn Energy from GBX 270 ($3.53) to GBX 250 ($3.27) and set an “overweight” rating for the company in a research report on Thursday, October 10th. Canaccord Genuity decreased their price objective on shares of Cairn Energy from GBX 225 ($2.94) to GBX 210 ($2.74) and set a “speculative buy” rating for the company in a report on Tuesday, October 15th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Cairn Energy in a research report on Monday, November 25th.
Cairn Energy stock traded up GBX 2.40 ($0.03) during mid-day trading on Monday, reaching GBX 182.60 ($2.39). 864,713 shares of the company’s stock were exchanged, compared to its average volume of 1,590,000. The business’s fifty day simple moving average is GBX 181.61 and its 200 day simple moving average is GBX 172.80. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 27.40. Cairn Energy has a one year low of GBX 138 ($1.80) and a one year high of GBX 216.80 ($2.83). The firm has a market capitalization of $1.08 billion and a PE ratio of -1.87.
Cairn Energy PLC operates as an oil and gas exploration, development, and production company. The company holds a portfolio of exploration, development, and production assets in the United Kingdom; Norway; and the Atlantic Margin, including Senegal, Mexico, Suriname, Côte d'Ivoire, Mauritania, and the Republic of Ireland.
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