Breaking: Cairn Energy (LON:CNE) Market Perform Rating Has Been Reiterated by Analysts at FirstEnergy Capital Corp Today; The Target Given is GBX 170

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Cairn Energy (LON:CNE) Rating Reaffirmed

They currently have a GBX 170 PT on Cairn Energy (LON:CNE). The target price by FirstEnergy Capital Corp would suggest a potential upside of 24.18% from the company’s last stock price. This has been revealed to clients and investors in a recent report on 14 December.

From a total of 20 analysts covering Cairn Energy PLC (LON:CNE) stock, 13 rate it a ”Buy”, 3 a “Sell”, and 8 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 3.34 while the lowest target price is GBX 1.97. The mean of all analyst targets is GBX 2.68 with a 27.92% above today’s (GBX 136.8) stock price. Cairn Energy PLC was the topic of 43 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 10 with “Outperform” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 145 target share price in a report from a November 19. Investec maintained CNE stock in a recent report from December 4 with “Sell” rating. Numis Securities maintained the rating on November 18. Numis Securities has a “Hold” rating and a GBX 157 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a December 1.

Approximately 273,237 shares of stock traded hands. Cairn Energy PLC (LON:CNE) has declined 24.52% since May 15, 2015 and is downtrending. It has underperformed by 20.11% the S&P500.

Breaking: Cairn Energy (LON:CNE) Market Perform Rating Has Been Reiterated by Analysts at FirstEnergy Capital Corp Today; The Target Given is GBX 170

Cairn Energy PLC is a United Kingdom independent gas and oil exploration and development company. The company has a market cap of 788.44 million GBP. The Company’s portfolio is focused in three geographical regions: North West Europe, the Atlantic Margin and the Mediterranean. It currently has negative earnings. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea.

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