Tullow Oil plc Price Target Cut to GBX 950 by Analysts at Deutsche Bank (TLW)
Analysts at Deutsche Bank lowered their target price on shares of Tullow Oil plc (LON:TLW) from GBX 980 ($16.08) to GBX 950 ($15.59) in a research report issued to clients and investors on Thursday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 25.25% from the company’s current price.
TLW has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Thursday. Separately, analysts at Killik & Co reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Wednesday. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Tullow Oil plc from GBX 1,130 ($18.54) to GBX 1,120 ($18.38) in a research note on Wednesday. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 1,173.63 ($19.26).
Tullow Oil plc (LON:TLW) traded down 4.29% during mid-day trading on Thursday, hitting GBX 758.50. The stock had a trading volume of 8,997,806 shares. Tullow Oil plc has a one year low of GBX 775.50 and a one year high of GBX 1270.00. The stock’s 50-day moving average is GBX 571.1 and its 200-day moving average is GBX 709.7. The company’s market cap is £6.886 billion.
Tullow Oil plc (LON:TLW) is an United Kingdom -based company engaged in oil and gas exploration, development and production and the sale of hydrocarbons and related activities.
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