JPMorgan Chase & Co. Lowers Tullow Oil plc Price Target to GBX 1,050 (TLW)
Stock analysts at JPMorgan Chase & Co. cut their target price on shares of Tullow Oil plc (LON:TLW) from GBX 1,120 ($19.06) to GBX 1,050 ($17.87) in a report issued on Monday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 20.00% from the stock’s previous close.
TLW has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 1,150 ($19.57) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Tullow Oil plc in a research note on Thursday. They now have a GBX 960 ($16.34) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Tullow Oil plc in a research note on Monday, June 16th. They now have a GBX 945 ($16.08) price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the company. Tullow Oil plc currently has an average rating of “Buy” and an average target price of GBX 1,105.01 ($18.81).
Shares of Tullow Oil plc (LON:TLW) traded down 0.34% on Monday, hitting GBX 872.00. The stock had a trading volume of 1,242,348 shares. Tullow Oil plc has a 52-week low of GBX 736.00 and a 52-week high of GBX 1127.00. The stock has a 50-day moving average of GBX 530.3 and a 200-day moving average of GBX 540.8. The company’s market cap is £7.924 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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