Cairn Energy PLC with EPIC/TICKER LON:CNE had its stock rating noted as ‘Reiteration’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg Bank. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Berenberg Bank have set a target price of 200 GBX on its stock. This indicates the analyst now believes there is a potential upside of 6.2% from the opening price of 188.3 GBX. Over the last 30 and 90 trading days the company share price has increased 5.3 points and decreased 20.05 points respectively.
Cairn Energy PLC LON:CNE has a 50 day moving average of 202.68 GBX and a 200 day moving average of 179.26 The 52 week high for the stock is 240 GBX while the 52 week low for the stock is 57.35 GBX. There are currently 499,209,910 shares in issue with the average daily volume traded being 1,340,865. Market capitalisation for LON:CNE is £919,574,575 GBP.
Cairn Energy PLC 6.2% Potential Upside Indicated by Berenberg Bank
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- Written by: Charlotte Edwards
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