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Cairn Energy PLC 24.2% Potential Upside Indicated by RBC Capital Markets

Cairn Energy PLC with EPIC/TICKER (LON:CNE) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SECTOR PERFORMER’ this morning by analysts at RBC Capital Markets. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. RBC Capital Markets have set a target price of 195 GBX on its stock. This now indicates the analyst believes there is a possible upside of 24.2% from the opening price of 157 GBX. Over the last 30 and 90 trading days the company share price has decreased 3.7 points and decreased 13.8 points respectively. The 1 year high for the stock price is 247.6 GBX while the 52 week low for the share price is 138 GBX.

Cairn Energy PLC has a 50 day moving average of 163.89 GBX and the 200 Day Moving Average price is recorded at 174.02. There are currently 589,514,291 shares in issue with the average daily volume traded being 1,503,006. Market capitalisation for LON:CNE is £917,873,733 GBP.