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Jefferies International announced Cairn Energy PLC (LON:CNE), upholding its stock price target at 285.00GBX today

Just yesterday Cairn Energy PLC (LON:CNE) traded 0.83% higher at 0.00GBX. Cairn Energy PLC’s 50-day moving average is 189.61GBX and its 200-day moving average is 197.26GBX. The last closing price is down -0.94% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 686,449 shares of CNE traded hands, down from an average trading volume of 1,230,770

In a report released on 10/06/2016 Jefferies International hold steady the stock price target of Cairn Energy PLC (LON:CNE) from 285.00GBX to 285.00GBX reporting a possible upside of 0%.

Previously on 9/15/2016, Jefferies International reported on Cairn Energy PLC (LON:CNE) held steady the target price at 285.00GBX. At the time, this indicated a possible upside of 0.32%.

Recent Performance Chart

Cairn Energy PLC (LON:CNE)

Cairn Energy PLC has 52 week low of 124.70GBX and a 52 week high of 232.00GBX and has a market capitalization of 0 GBX.

In addition to Jefferies International reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is 3.06GBX with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 14 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 3 brokers rating the stock a sell.

Brief Synopsis On 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, Capricorn Senegal Limited and Capricorn Ireland Limited.

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