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Cairn Energy PLC 47.1% Potential Upside Indicated by Morgan Stanley

Cairn Energy PLC using EPIC/TICKER code (LON:CNE) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Morgan Stanley. Cairn Energy PLC are listed in the Oil & Gas sector within UK Main Market. Morgan Stanley have set their target price at 300 GBX on its stock. This now indicates the analyst believes there is a possible upside of 47.1% from the opening price of 204 GBX. Over the last 30 and 90 trading days the company share price has increased 15 points and decreased 12.5 points respectively. The 52 week high share price is 237 GBX while the 52 week low is 164.2 GBX.

Cairn Energy PLC has a 50 day moving average of 207.51 GBX and a 200 day moving average of 197.35. There are currently 583,235,743 shares in issue with the average daily volume traded being 1,414,512. Market capitalisation for LON:CNE is £1,178,486,128 GBP.