Cairn Energy (LON:CNE) had its price objective boosted by Barclays from GBX 295 ($3.85) to GBX 300 ($3.92) in a research report report published on Wednesday. Barclays currently has an overweight rating on the oil and gas development company’s stock.
A number of other equities research analysts also recently weighed in on CNE. Peel Hunt reissued an add rating on shares of Cairn Energy in a research report on Monday, July 9th. JPMorgan Chase & Co. lifted their target price on Cairn Energy from GBX 300 ($3.92) to GBX 306 ($4.00) and gave the stock an overweight rating in a research report on Thursday, July 12th. Citigroup reissued a buy rating on shares of Cairn Energy in a research report on Tuesday, July 10th. UBS Group lifted their target price on Cairn Energy from GBX 280 ($3.66) to GBX 300 ($3.92) and gave the stock a buy rating in a research report on Monday, July 23rd. Finally, Jefferies Financial Group lifted their target price on Cairn Energy from GBX 235 ($3.07) to GBX 265 ($3.46) and gave the stock a hold rating in a research report on Tuesday, June 12th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Cairn Energy has an average rating of Buy and an average target price of GBX 276.01 ($3.61).
CNE stock opened at GBX 215.20 ($2.81) on Wednesday. Cairn Energy has a twelve month low of GBX 164.20 ($2.15) and a twelve month high of GBX 237 ($3.10).
Cairn Energy Company Profile
Cairn Energy PLC operates as an oil and gas exploration and production company. It holds a portfolio of exploration, development, and production assets in the United Kingdom; Norway; Mexico; and the Atlantic Margin, including Senegal and the Republic of Ireland. The company was incorporated in 2002 and is headquartered in Edinburgh, the United Kingdom.
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