Macquarie upgraded shares of Cairn Energy PLC (OTCMKTS:CRNCY) from a neutral rating to an outperform rating in a report published on Tuesday morning.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Cairn Energy PLC from a sell rating to a hold rating in a report on Tuesday, August 9th. RBC Capital Markets raised shares of Cairn Energy PLC from a sector perform rating to an outperform rating in a report on Thursday, July 28th. Deutsche Bank AG downgraded shares of Cairn Energy PLC from a buy rating to a hold rating in a report on Tuesday, May 31st. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Cairn Energy PLC in a report on Wednesday, May 25th. Finally, Credit Suisse Group AG raised shares of Cairn Energy PLC from a neutral rating to an outperform rating in a report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $6.25.

Shares of Cairn Energy PLC (OTCMKTS:CRNCY) opened at 4.80 on Tuesday. Cairn Energy PLC has a one year low of $3.56 and a one year high of $6.16. The firm’s market capitalization is $1.37 billion. The firm’s 50-day moving average price is $5.09 and its 200-day moving average price is $5.46.

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