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Cairn Energy PLC 39% 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 250 GBX on its stock. This indicates the analyst now believes there is a potential upside of 39.0% from today’s opening price of 179.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 20.4 points and increased 1.5 points respectively. The 1 year high for the share price is 238 GBX while the year low stock price is currently 138 GBX.

Cairn Energy PLC has a 50 day moving average of 179.35 GBX and the 200 Day Moving Average price is recorded at 176.71. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,937,364. Market capitalisation for LON:CNE is £1,075,343,879 GBP.