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Cairn Energy PLC 28.9% Potential Upside Indicated by Barclays Capital

Cairn Energy PLC with EPIC/TICKER (LON:CNE) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at Barclays Capital. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set a target price of 300 GBX on its stock. This would imply the analyst believes there is now a potential upside of 28.9% from today’s opening price of 232.8 GBX. Over the last 30 and 90 trading days the company share price has increased 0.6 points and decreased 3.8 points respectively. The 52 week high for the stock is 270.96 GBX while the year low share price is currently 179.6 GBX.

Cairn Energy PLC has a 50 day moving average of 236.86 GBX and a 200 day moving average of 227.88. There are currently 589,501,791 shares in issue with the average daily volume traded being 2,634,158. Market capitalisation for LON:CNE is £1,379,054,870 GBP.