Tullow Oil Stock Rating Reaffirmed by Credit Suisse (TLW)
Tullow Oil (LON:TLW)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse in a research report issued on Thursday, American Banking & Market News reports. They currently have a GBX 1,161 ($18.60) target price on the stock, up from their previous target price of GBX 1,155 ($18.50). Credit Suisse’s price objective points to a potential upside of 9.43% from the company’s current price.
Tullow Oil (LON:TLW) traded up 0.76% during mid-day trading on Thursday, hitting GBX 1061.00. 832,318 shares of the company’s stock traded hands. Tullow Oil has a 52-week low of GBX 931.0001 and a 52-week high of GBX 1485.00. The stock has a 50-day moving average of GBX 1045. and a 200-day moving average of GBX 1080.. The company’s market cap is £9.633 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Tuesday, September 17th. They now have a GBX 1,050 ($16.82) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Tuesday, September 17th. They now have a GBX 1,130 ($18.10) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil (LON:TLW) in a research note to investors on Friday, September 13th. They now have a GBX 1,125 ($18.02) price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Tullow Oil presently has an average rating of “Hold” and a consensus price target of GBX 1,835.35 ($29.40).
Tullow Oil plc (LON:TLW) is an independent oil and gas exploration and production company.
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