Cairn Energy PLC 12.2% Potential Upside Indicated by RBC Capital Markets

Broker Ratings
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Cairn Energy PLC using EPIC/TICKER code (LON:CNE) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SECTOR PERFORMER’ today by analysts at RBC Capital Markets. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set a target price of 200 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.2% from the opening price of 178.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.6 points and increased 26.5 points respectively. The 1 year high stock price is 216.8 GBX while the year low stock price is currently 138 GBX.

Cairn Energy PLC has a 50 day moving average of 190.49 GBX and the 200 Day Moving Average price is recorded at 178.17. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,794,107. Market capitalisation for LON:CNE is £1,034,664,786 GBP.

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