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A statement released earlier today by Canaccord Genuity about Cairn Energy PLC (LON:CNE) bumps the target price to 230.00GBX

Having a price of 194.75GBX, Cairn Energy PLC (LON:CNE) traded 1.91% higher on the day. With the last stock price down 8.04% from the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Cairn Energy PLC has been tracking to a 50-day average of 189.44GBX and two hundred day average of 196.83GBX. Volume of trade was was up over the average, with 1,728,380 shares of CNE changing hands over the typical 1,275,350 shares.

Reporting a possible upside of 0.18%, Canaccord Genuity upped the target stock price of Cairn Energy PLC (LON:CNE) to 230GBX

Previously on 8/17/2016, Barclays Capital released a statement about Cairn Energy PLC(LON:CNE) raised the target price from 0.00GBX to 280.00GBX. At the time, this indicated a possible upside of 0.34%.

Performance Graphic:

Cairn Energy PLC (LON:CNE)

In addition to Canaccord Genuity reporting it’s price target, a total of 22 analysts have released a research note on the company. The one year target price is 3.06GBX with two analysts rating the stock a strong buy, five analysts rating the stock a buy, 14 firms rating the stock a hold, one analyst rating the stock to underperform, and finally three brokerages rating the company as sell.

With a market cap of 0.0 GBX, Cairn Energy PLC has a one-year low of 124.70GBX and a 52 week high of 232.00GBX with a P/E ratio of 0.

General Company Details For Cairn Energy PLC (LON:CNE)

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. The Company has interests in over two the United Kingdom North Sea developments, Catcher and Kraken, and a third development, Skarfjell. Cairn holds approximately 40% interest in over three contiguous blocks offshore Senegal. The Company’s subsidiaries include Capricorn Oil Limited, Cairn UK Holdings Limited, Capricorn Spain Limited, Capricorn Malta Limited, Capricorn Greenland Exploration A/S, Capricorn Exploration and Development Company Limited, Capricorn Mauritania Limited, and Capricorn Senegal Limited and Capricorn Ireland Limited.

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