Home » Reports » Cairn Energy PLC 16.8% Potential Upside Indicated by Peel Hunt

Cairn Energy PLC 16.8% Potential Upside Indicated by Peel Hunt

Cairn Energy PLC with EPIC/TICKER (LON:CNE) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Peel Hunt. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Peel Hunt have set a target price of 230 GBX on its stock. This would imply the analyst believes there is now a potential upside of 16.8% from the opening price of 197 GBX. Over the last 30 and 90 trading days the company share price has increased 5.7 points and decreased 5.6 points respectively. The 52 week high for the share price is currently at 216.8 GBX while the 52 week low for the share price is 141.93 GBX.

Cairn Energy PLC has a 50 day moving average of 190.59 GBX and a 200 day moving average of 178.09. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,429,594. Market capitalisation for LON:CNE is £1,164,955,943 GBP.

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