Credit Suisse Reiterates Neutral Rating for Tullow Oil plc (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “neutral” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Monday, Stock Ratings News reports. They currently have a GBX 1,000 ($16.58) price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 25.00% from the stock’s previous close.
Shares of Tullow Oil plc (LON:TLW) traded up 0.06% on Monday, hitting GBX 800.50. 1,765,383 shares of the company’s stock traded hands. Tullow Oil plc has a 52 week low of GBX 736.00 and a 52 week high of GBX 1200.50. The stock’s 50-day moving average is GBX 522.3 and its 200-day moving average is GBX 602.4. The company’s market cap is £7.274 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Davy Research reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Monday. Separately, analysts at UBS AG upgraded shares of Tullow Oil plc to a “buy” rating in a research note on Thursday. They now have a GBX 900 ($14.92) price target on the stock, down previously from GBX 925 ($15.33). Finally, analysts at HSBC reiterated an “overweight” rating on shares of Tullow Oil plc in a research note on Tuesday, April 1st. They now have a GBX 1,065 ($17.66) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 1,121.55 ($18.59).
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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