Cairn Energy PLC (CNE) PT Lowered to GBX 230

Cairn Energy PLC (LON:CNE) had its price target reduced by research analysts at Deutsche Bank AG from GBX 240 ($3.16) to GBX 230 ($3.02) in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. Deutsche Bank AG’s price target points to a potential upside of 17.83% from the stock’s current price.

CNE has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 240 ($3.16) price target on shares of Cairn Energy PLC in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 225 ($2.96) price target on shares of Cairn Energy PLC in a research note on Wednesday, October 4th. Barclays PLC reaffirmed an “overweight” rating on shares of Cairn Energy PLC in a research note on Wednesday, August 23rd. Canaccord Genuity lifted their price target on Cairn Energy PLC from GBX 240 ($3.16) to GBX 250 ($3.29) and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 242 ($3.18) price target on shares of Cairn Energy PLC in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Cairn Energy PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 243.94 ($3.21).

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In other news, insider Peter Kallos bought 10,982 shares of

CNE has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 240 ($3.16) price target on shares of Cairn Energy PLC in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 225 ($2.96) price target on shares of Cairn Energy PLC in a research note on Wednesday, October 4th. Barclays PLC reaffirmed an “overweight” rating on shares of Cairn Energy PLC in a research note on Wednesday, August 23rd. Canaccord Genuity lifted their price target on Cairn Energy PLC from GBX 240 ($3.16) to GBX 250 ($3.29) and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 242 ($3.18) price target on shares of Cairn Energy PLC in a research note on Tuesday, August 29th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Cairn Energy PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 243.94 ($3.21).

TRADEMARK VIOLATION NOTICE: This piece of content was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/13/cairn-energy-plc-cne-pt-lowered-to-gbx-230.html.

In other news, insider Peter Kallos bought 10,982 shares of Cairn Energy PLC stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of GBX 181 ($2.38) per share, for a total transaction of £19,877.42 ($26,133.87).

Cairn Energy PLC Company Profile

Cairn Energy PLC (Cairn) is a United Kingdom-based independent oil and gas exploration and development company. The Company’s portfolio is focused on approximately three geographical regions, such as North West Europe, the Atlantic Margin and the Mediterranean. Cairn has exploration and appraisal assets in the Atlantic Margin, North West Europe and the Mediterranean, and core development assets in the North Sea.

Analyst Recommendations for Cairn Energy PLC (LON:CNE)

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