Cairn Energy PLC 69.9% Potential Upside Indicated by Barclays Capital

Broker Ratings

Cairn Energy PLC with EPIC/TICKER (LON:CNE) 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 225 GBX on its stock. This now indicates the analyst believes there is a possible upside of 69.9% from the opening price of 132.4 GBX. Over the last 30 and 90 trading days the company share price has increased 16.4 points and increased 27.3 points respectively. The 1 year high stock price is 216.8 GBX while the 52 week low for the stock is 57.35 GBX.

Cairn Energy PLC has a 50 day moving average of 127.99 GBX and the 200 Day Moving Average price is recorded at 148.07. There are currently 589,552,585 shares in issue with the average daily volume traded being 1,090,863. Market capitalisation for LON:CNE is £775,815,794 GBP.

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