Tullow Oil plc Price Target Cut to GBX 945 by Analysts at Credit Suisse (TLW)
Research analysts at Credit Suisse reduced their price objective on shares of Tullow Oil plc (LON:TLW) from GBX 1,000 ($16.82) to GBX 945 ($15.90) in a report released on Tuesday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target points to a potential upside of 10.79% from the stock’s previous close.
Tullow Oil plc (LON:TLW) traded down 1.65% on Tuesday, hitting GBX 838.96. 1,864,340 shares of the company’s stock traded hands. Tullow Oil plc has a one year low of GBX 736.00 and a one year high of GBX 1127.00. The stock has a 50-day moving average of GBX 618.8 and a 200-day moving average of GBX 700.4. The company’s market cap is £7.624 billion.
TLW has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Tullow Oil plc from GBX 1,450 ($24.39) to GBX 1,430 ($24.05) in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 950 ($15.98) price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 1,112.31 ($18.71).
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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