Several brokerages have updated their recommendations and price targets on shares of Cairn Energy PLC (LON: CNE) in the last few weeks:

  • 8/29/2017 – Cairn Energy PLC had its price target lowered by analysts at Jefferies Group LLC from GBX 300 ($3.88) to GBX 225 ($2.91). They now have a “buy” rating on the stock.
  • 8/29/2017 – Cairn Energy PLC had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a GBX 242 ($3.13) price target on the stock.
  • 8/23/2017 – Cairn Energy PLC had its price target lowered by analysts at Credit Suisse Group from GBX 280 ($3.62) to GBX 260 ($3.36). They now have an “outperform” rating on the stock.
  • 8/23/2017 – Cairn Energy PLC had its price target raised by analysts at Deutsche Bank AG from GBX 235 ($3.04) to GBX 240 ($3.10). They now have a “buy” rating on the stock.
  • 8/23/2017 – Cairn Energy PLC had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 228 ($2.95) price target on the stock.
  • 8/23/2017 – Cairn Energy PLC had its price target raised by analysts at Canaccord Genuity from GBX 240 ($3.10) to GBX 250 ($3.23). They now have a “buy” rating on the stock.
  • 8/23/2017 – Cairn Energy PLC had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 8/22/2017 – Cairn Energy PLC had its “buy” rating reaffirmed by analysts at GMP Securities.
  • 8/22/2017 – Cairn Energy PLC had its price target lowered by analysts at Royal Bank Of Canada from GBX 270 ($3.49) to GBX 230 ($2.97). They now have an “outperform” rating on the stock.
  • 7/18/2017 – Cairn Energy PLC had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 240 ($3.10) price target on the stock.
  • 7/12/2017 – Cairn Energy PLC had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 228 ($2.95) price target on the stock.
  • 7/11/2017 – Cairn Energy PLC had its “buy” rating reaffirmed by analysts at GMP Securities.
  • 7/6/2017 – Cairn Energy PLC had its price target lowered by analysts at Deutsche Bank AG from GBX 275 ($3.56) to GBX 232 ($3.00). They now have a “buy” rating on the stock.
  • 7/3/2017 – Cairn Energy PLC had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 228 ($2.95) price target on the stock.

Shares of Cairn Energy PLC (LON CNE) opened at 171.50 on Wednesday. The stock’s 50 day moving average price is GBX 174.29 and its 200-day moving average price is GBX 195.85. The firm’s market cap is GBX 988.18 million. Cairn Energy PLC has a 12-month low of GBX 164.20 and a 12-month high of GBX 250.60.

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. 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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