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Cairn Energy PLC 25.7% Potential Upside Indicated by JP Morgan Cazenove

Cairn Energy PLC using EPIC/TICKER code (LON:CNE) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set their target price at 241 GBX on its stock. This is indicating the analyst believes there is a potential upside of 25.7% from today’s opening price of 191.8 GBX. Over the last 30 and 90 trading days the company share price has increased 2.8 points and decreased 18.9 points respectively. The 1 year high for the share price is 237 GBX while the year low stock price is currently 164.2 GBX.

Cairn Energy PLC has a 50 day moving average of 207.53 GBX and a 200 day moving average of 197.51. There are currently 580,973,140 shares in issue with the average daily volume traded being 1,473,855. Market capitalisation for LON:CNE is £1,164,270,137 GBP.