Recent Analysts’ Ratings Changes for Cairn Energy (CNE)

A number of firms have modified their ratings and price targets on shares of Cairn Energy (LON: CNE) recently:

  • 4/17/2018 – Cairn Energy had its “overweight” rating reaffirmed by analysts at Barclays.
  • 4/17/2018 – Cairn Energy had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 250 ($3.58) price target on the stock.
  • 4/5/2018 – Cairn Energy had its price target raised by analysts at BNP Paribas from GBX 201 ($2.88) to GBX 230 ($3.29). They now have an “outperform” rating on the stock.
  • 4/4/2018 – Cairn Energy had its “buy” rating reaffirmed by analysts at UBS. They now have a GBX 260 ($3.72) price target on the stock.
  • 3/27/2018 – Cairn Energy had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 250 ($3.58) price target on the stock.
  • 3/21/2018 – Cairn Energy had its price target raised by analysts at Barclays from GBX 280 ($4.01) to GBX 290 ($4.15). They now have an “overweight” rating on the stock.
  • 3/20/2018 – Cairn Energy had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 250 ($3.58) price target on the stock.
  • 3/14/2018 – Cairn Energy had its “overweight” rating reaffirmed by analysts at JPMorgan Chase. They now have a GBX 241 ($3.45) price target on the stock.
  • 3/14/2018 – Cairn Energy had its “overweight” rating reaffirmed by analysts at Barclays.
  • 3/14/2018 – Cairn Energy had its price target lowered by analysts at Deutsche Bank from GBX 240 ($3.44) to GBX 230 ($3.29). They now have a “hold” rating on the stock.
  • 3/13/2018 – Cairn Energy had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 260 ($3.72) price target on the stock.
  • 3/12/2018 – Cairn Energy was upgraded by analysts at Morgan Stanley to an “overweight” rating. They now have a GBX 300 ($4.30) price target on the stock, up previously from GBX 270 ($3.87).
  • 2/27/2018 – Cairn Energy had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 260 ($3.72) price target on the stock.
  • 2/20/2018 – Cairn Energy had its “overweight” rating reaffirmed by analysts at Barclays.
  • 2/20/2018 – Cairn Energy had its “hold” rating reaffirmed by analysts at Deutsche Bank.

LON:CNE traded down GBX 6.30 ($0.09) during trading hours on Tuesday, hitting GBX 212.70 ($3.05). 1,210,880 shares of the company traded hands, compared to its average volume of 1,590,000. Cairn Energy has a twelve month low of GBX 164.20 ($2.35) and a twelve month high of GBX 237 ($3.39).

In related news, insider James Smith sold 209,599 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of GBX 210 ($3.01), for a total transaction of £440,157.90 ($630,237.54).

Cairn Energy PLC operates as an oil and gas exploration, development, and production company. It primarily holds interests in Senegal, the United Kingdom, Norway, Malta, Morocco, and the Republic of Ireland. The company also holds interests in two licenses covering an area of 1,100 km located in the Sureste basin, Gulf of Mexico.

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