Out of 20 analysts covering Cairn Energy (LON:CNE), 9 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 45% are positive. Cairn Energy has been the topic of 109 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Below is a list of Cairn Energy PLC (LON:CNE) latest ratings and price target changes.
12/09/2016 Broker: Deutsche Bank Rating: Hold Old Target: GBX 240.00 New Target: GBX 240.00 Maintain
31/08/2016 Broker: Canaccord Genuity Rating: Hold New Target: GBX 230.00 Maintain
22/08/2016 Broker: Canaccord Genuity Rating: Hold Old Target: GBX 220.00 New Target: GBX 230.00 Maintain
17/08/2016 Broker: UBS Rating: Buy Old Target: GBX 220.00 New Target: GBX 235.00 Reiteration
17/08/2016 Broker: Credit Suisse Rating: Neutral New Target: GBX 215.00 Maintain
17/08/2016 Broker: Barclays Capital Rating: Overweight New Target: GBX 280.00 Maintain
17/08/2016 Broker: JP Morgan Rating: Overweight Old Target: GBX 227.00 New Target: GBX 235.00 Maintain
17/08/2016 Broker: Deutsche Bank Rating: Hold Old Target: GBX 230.00 New Target: GBX 240.00 Maintain
16/08/2016 Broker: Canaccord Genuity Rating: Hold Old Target: GBX 220.00 New Target: GBX 220.00 Maintain
16/08/2016 Broker: Numis Securities Rating: Add Old Target: GBX 210.00 New Target: GBX 210.00 Maintain
The stock decreased 3.70% or GBX 6.9 on September 13, hitting GBX 179.5. About 1.11M shares traded hands or 0.91% up from the average. Cairn Energy PLC (LON:CNE) has risen 32.76% since February 11, 2016 and is uptrending. It has outperformed by 16.28% the S&P500.
Cairn Energy PLC is a United Kingdom independent gas and oil exploration and development company. The company has a market cap of 1.03 billion GBP. The Company’s portfolio is focused on approximately three geographical regions, such as 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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