Cairn Energy PLC 12.6% potential upside indicated by Berenberg Bank

Cairn Energy PLC with ticker (LON:CNE) now has a potential upside of 12.6% according to Berenberg Bank.



Berenberg Bank set a target price of 225 GBX for the company, which when compared to the Cairn Energy PLC share price of 197 GBX at opening today (21/10/2021) indicates a potential upside of 12.6%. Trading has ranged between 122 (52 week low) and 240 (52 week high) with an average of 2,174,837 shares exchanging hands daily. The market capitalisation at the time of writing is £964,157,230.

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s exploration activities are focused on North West Europe, West Africa and Latin America. Its production assets are located in the United Kingdom North Sea. The Company has interests in over two the United Kingdom North Sea assts, Kraken and Catcher. Cairn has interests in four blocks in the Gulf of Mexico, two as Operator (Blocks 9 and 15) and two as non-Operator (Blocks 7 and 10*). It has interests in various countries such as the United Kingdom, Israel, Cote d’Ivoire, Mauritania, Mexico and Suriname. The Company is the operator of an exploration license on block C7 offshore Mauritania.