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Cairn Energy PLC 24% Potential Upside Indicated by Credit Suisse

Cairn Energy PLC with EPIC/TICKER (LON:CNE) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set their target price at 260 GBX on its stock. This would imply the analyst believes there is now a potential upside of 24.0% from today’s opening price of 209.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.6 points and increased 31.9 points respectively. The 1 year high share price is 250.6 GBX while the year low stock price is currently 164.2 GBX.

Cairn Energy PLC has a 50 day moving average of 208.94 GBX and a 200 Day Moving Average share price is recorded at 196.69. There are currently 585,407,319 shares in issue with the average daily volume traded being 1,604,112. Market capitalisation for LON:CNE is £1,232,867,850 GBP.

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