Cairn Energy PLC 23.7% Potential Upside Indicated by Berenberg

Broker Ratings

Cairn Energy PLC using EPIC/TICKER code (LON:CNE) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Berenberg have set a target price of 130 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 23.7% from the opening price of 105.1 GBX. Over the last 30 and 90 trading days the company share price has increased 24.95 points and decreased 68 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 57.35 GBX.

Cairn Energy PLC has a 50 day moving average of 109.54 GBX and a 200 Day Moving Average share price is recorded at 165.85. There are currently 589,552,585 shares in issue with the average daily volume traded being 2,631,796. Market capitalisation for LON:CNE is £667,963,096 GBP.

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