Cairn Energy PLC 29.4% Potential Upside Indicated by RBC Capital Markets

Broker Ratings

Cairn Energy PLC with EPIC/TICKER (LON:CNE) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘SECTOR PERFORMER’ today 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 their target price at 225 GBX on its stock. This is indicating the analyst believes there is a potential upside of 29.4% from today’s opening price of 173.9 GBX. Over the last 30 and 90 trading days the company share price has decreased 36.9 points and increased 19.6 points respectively. The 1 year high stock price is 270.96 GBX while the 52 week low is 138 GBX.

Cairn Energy PLC has a 50 day moving average of 194.40 GBX and a 200 Day Moving Average share price is recorded at 211.09. There are currently 589,514,291 shares in issue with the average daily volume traded being 2,942,071. Market capitalisation for LON:CNE is £1,033,418,570 GBP.

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