Cairn Energy (LON: CNE)‘s stock had its “neutral” rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. They currently have a GBX 311 ($4.70) price objective on the stock. Citigroup Inc.’s target price points to a potential upside of 15.14% from the stock’s previous close.
A number of other firms have also recently commented on CNE. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Cairn Energy in a research note to investors on Wednesday, July 10th. They now have a GBX 424 ($6.40) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Cairn Energy in a research note to investors on Wednesday, July 10th. They now have a GBX 440 ($6.65) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cairn Energy in a research note to investors on Tuesday, July 2nd. They now have a GBX 365 ($5.51) price target on the stock.
One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 355.84 ($5.37).
Cairn Energy (LON: CNE) remained flat at GBX 270.10 during trading on Monday. Cairn Energy has a 1-year low of GBX 250.70 and a 1-year high of GBX 309.60. The stock’s 50-day moving average is currently GBX 289.5. The company’s market cap is £1.613 billion.
Cairn Energy PLC (LON: CNE) is an independent oil and gas exploration and development company.