Home » Reports » Cairn Energy PLC 5.3% Potential Upside Indicated by Morgan Stanley

Cairn Energy PLC 5.3% Potential Upside Indicated by Morgan Stanley

Cairn Energy PLC using EPIC/TICKER code (LON:CNE) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ 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 a target price of 131 GBX on its stock. This indicates the analyst now believes there is a potential upside of 5.3% from the opening price of 124.4 GBX. Over the last 30 and 90 trading days the company share price has increased 11 points and decreased 19.4 points respectively. The 1 year high stock price is 216.8 GBX while the 52 week low is 57.35 GBX.

Cairn Energy PLC has a 50 day moving average of 110.06 GBX and a 200 Day Moving Average share price is recorded at 160.83. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,359,530. Market capitalisation for LON:CNE is £739,298,950 GBP.

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