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The Cairn Energy share price - here is what analysts think

14th Sep by Ben Hobson

Trading recommendations from company analysts can offer a glimpse of what the experts think the future holds. Their 'buy', 'hold' and 'sell' ratings reflect their views about the likely future performance of the stocks they cover - and how the share prices will move as a result. 

For investors, these kinds of 'smart money' signals can be a useful consideration when it comes to deciding whether to buy or sell a stock...

Take Cairn Energy (LON:CNE) as an example. Shares in the company have risen by 2.61% over the past month and they are currently trading at 188.9p. But what do the analysts that cover the company think?

Based on the broker 'consensus', there could be reasons to believe that the positive recent trend will continue. In terms of trading recommendations, Cairn Energy currently has:

  • 4 Buy recommendations
  • 3 Hold recommendations
  • 0 Sell recommendations

This suggests that analysts are generally upbeat about the outlook.

At its current price of 188.9p, shares in Cairn Energy are trading at a discount of -21.2% to its 52 week high price. The 1-year performance of the shares has been 38.5%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Cairn Energy it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Cairn Energy that you can find out about here.

Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.

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Share Price
181.2p
Change Today
1.34%
Cairn Energy ( )

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