Cairn Energy PLC Rating Reiterated by Credit Suisse (CNE) Posted...

Cairn Energy PLC Rating Reiterated by Credit Suisse (CNE)
Posted by Seth Barnet on Oct 7th, 2014 // No Comments

Cairn Energy PLC (LON:CNE)‘s stock had its “outperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Monday. They currently have a GBX 288 ($4.60) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 59.91% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Cairn Energy PLC in a research note on Friday. They now have a GBX 230 ($3.67) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Cairn Energy PLC in a research note on Friday, September 26th. They now have a GBX 330 ($5.27) price target on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. Cairn Energy PLC has an average rating of “Hold” and a consensus target price of GBX 258.10 ($4.12).
Cairn Energy PLC (LON:CNE) opened at 192.30 on Monday. Cairn Energy PLC has a 52 week low of GBX 149.70 and a 52 week high of GBX 290.40. The stock’s 50-day moving average is GBX 180.2 and its 200-day moving average is GBX 183.2. The company’s market cap is £1.107 billion.
Cairn Energy PLC (LON:CNE) is an independent oil and gas exploration and development company.

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