Tullow Oil plc Given “Hold” Rating at Deutsche Bank (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 950 ($16.17) price objective on the stock. Deutsche Bank’s target price indicates a potential upside of 12.22% from the stock’s previous close.
Tullow Oil plc (LON:TLW) traded down 2.80% during mid-day trading on Wednesday, hitting GBX 846.58. 2,413,808 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 560. and a 200-day moving average of GBX 552.7. The company’s market cap is £7.693 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Wednesday. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Tuesday. They now have a GBX 875 ($14.89) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Tullow Oil plc from GBX 1,120 ($19.06) to GBX 1,050 ($17.87) in a research note on Monday. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 1,096.47 ($18.66).
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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