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Cairn Energy PLC 41.1% Potential Upside Indicated by Barclays Capital

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 Barclays Capital. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set a target price of 245 GBX on its stock. This is indicating the analyst believes there is a potential upside of 41.1% from today’s opening price of 173.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 33.6 points and increased 17.9 points respectively. The 1 year high share price is 270.96 GBX while the 52 week low for the stock is 138 GBX.

Cairn Energy PLC has a 50 day moving average of 193.97 GBX and the 200 Day Moving Average price is recorded at 211.42. There are currently 589,514,291 shares in issue with the average daily volume traded being 2,903,639. Market capitalisation for LON:CNE is £1,025,165,316 GBP.