Sanford C. Bernstein Downgrades Cairn Energy to “Market Perform” (CNE) - InvestingChannel

Sanford C. Bernstein Downgrades Cairn Energy to “Market Perform” (CNE)

Shares of Cairn Energy opened at 284.0625 on Tuesday. Cairn Energy has a 52 week low of GBX 245.20 and a 52 week high of GBX 364.90. The stock?s 50-day moving average is currently GBX 289.5. The company?s market cap is 2.011 billion. A number of other firms have also recently commented on CNE. Analysts at Societe Generale reiterated a ?hold? rating on shares of Cairn Energy in a research note to investors on Tuesday, January 22nd. They now have a $4.43 price target on the stock. Separately, analysts at Barclays Capital reiterated an ?equalweight? rating on shares of Cairn Energy in a research note to investors on Tuesday, January 8th. They now have a $5.72 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a ?neutral? rating on shares of Cairn Energy in a research note to investors on Monday, December 10th. They now have a $5.13 price target on the stock. Cairn Energy PLC (Cairn) is an independent oil and gas exploration and development company. It is organized into two business units: Cairn Energy Group and Cairn India Group.