Cairn Energy’s (LON:CNE) “Hold” Rating Reiterated at Deutsche Bank

Cairn Energy (LON:CNE)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday, February 20th.

CNE has been the subject of several other reports. Peel Hunt lifted their price objective on Cairn Energy from GBX 240 ($3.32) to GBX 260 ($3.59) and gave the stock a “buy” rating in a research report on Monday, January 8th. Credit Suisse Group restated an “outperform” rating and set a GBX 260 ($3.59) price objective on shares of Cairn Energy in a research report on Friday, November 3rd. Barclays reiterated an “overweight” rating and issued a GBX 250 ($3.45) price target on shares of Cairn Energy in a report on Wednesday, November 22nd. JPMorgan Chase & Co. boosted their price target on Cairn Energy from GBX 228 ($3.15) to GBX 241 ($3.33) and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Numis Securities cut their price target on Cairn Energy from GBX 270 ($3.73) to GBX 260 ($3.59) and set a “buy” rating for the company in a report on Monday, October 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Cairn Energy has a consensus rating of “Buy” and an average target price of GBX 261.64 ($3.61).

Shares of Cairn Energy (CNE) traded up GBX 7.80 ($0.11) on Tuesday, reaching GBX 201.40 ($2.78). The company’s stock had a trading volume of 2,702,582 shares, compared to its average volume of 1,470,000. The stock has a market cap of $1,170.00 and a price-to-earnings ratio of 629.38. Cairn Energy has a 12 month low of GBX 164.20 ($2.27) and a 12 month high of GBX 237 ($3.27).

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Cairn Energy 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 (LON:CNE)

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