Home » Reports » Cairn Energy PLC 37.3% Potential Upside Indicated by JP Morgan Cazenove

Cairn Energy PLC 37.3% 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’ this morning 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 259 GBX on its stock. This would imply the analyst believes there is now a potential upside of 37.3% from the opening price of 188.7 GBX. Over the last 30 and 90 trading days the company share price has decreased 11.7 points and decreased 9.4 points respectively. The 1 year high share price is 216.8 GBX while the 52 week low for the stock is 141.93 GBX.

Cairn Energy PLC has a 50 day moving average of 192.44 GBX and a 200 Day Moving Average share price is recorded at 178.83. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,494,952. Market capitalisation for LON:CNE is £1,096,961,646 GBP.

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