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Cairn Energy PLC 36.4% Potential Upside Indicated by JP Morgan Cazenove

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 JP Morgan Cazenove. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set a target price of 306 GBX on its stock. This would imply the analyst believes there is now a potential upside of 36.4% from today’s opening price of 224.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 24.8 points and decreased 2.2 points respectively. The 1 year high for the share price is 270.96 GBX while the year low stock price is currently 172.3 GBX.

Cairn Energy PLC has a 50 day moving average of 241.85 GBX and a 200 day moving average of 225.85. There are currently 589,501,791 shares in issue with the average daily volume traded being 1,421,099. Market capitalisation for LON:CNE is £1,330,279,737 GBP.