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Cairn Energy PLC 36.6% Potential Upside Indicated by RBC Capital Markets

Cairn Energy PLC using EPIC/TICKER code (LON:CNE) has had its stock rating noted as ‘Reiterates’ 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 220 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 36.6% from the opening price of 161 GBX. Over the last 30 and 90 trading days the company share price has increased 8.3 points and decreased 6.4 points respectively. The 1 year high for the share price is 253.8 GBX while the 52 week low for the stock is 138 GBX.

Cairn Energy PLC has a 50 day moving average of 165.56 GBX and a 200 day moving average of 179.15. There are currently 589,514,291 shares in issue with the average daily volume traded being 1,762,805. Market capitalisation for LON:CNE is £927,305,997 GBP.