Societe Generale reaffirmed their hold rating on shares of Cairn Energy (LON: CNE) in a report issued on Monday. They currently have a $4.65 (290 GBX) target price on the stock.
A number of other firms have also recently commented on CNE. Analysts at Jefferies Group reiterated a buy rating on shares of Cairn Energy in a research note to investors on Monday, October 8th. They now have a $6.21 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a buy rating on shares of Cairn Energy in a research note to investors on Thursday, October 4th. They now have a $6.03 price target on the stock.
Cairn Energy opened at 287.40 on Monday. Cairn Energy has a 1-year low of GBX 245.20 and a 1-year high of GBX 364.90. The company?s market cap is ?2.034 billion.
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.
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Source: http://www.jagsreport.com/2012/11/societe-generale-reiterates-hold-on-cairn-energy-cne-2/
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