Tullow Oil plc Rating Reiterated by Deutsche Bank (TLW)
Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Friday. They currently have a GBX 950 ($16.26) price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 23.22% from the stock’s previous close.
Shares of Tullow Oil plc (LON:TLW) traded down 0.52% during mid-day trading on Friday, hitting GBX 771.00. 1,769,824 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 1123.00. The stock has a 50-day moving average of GBX 432.2 and a 200-day moving average of GBX 520.0. The company’s market cap is £7.006 billion.
A number of other analysts have also recently weighed in on TLW. Analysts at Societe Generale reiterated a “hold” rating on shares of Tullow Oil plc in a research note on Thursday. They now have a GBX 875 ($14.98) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Tullow Oil plc from GBX 950 ($16.26) to GBX 850 ($14.55) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, 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 ($16.44) price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company’s stock. Tullow Oil plc has a consensus rating of “Buy” and a consensus price target of GBX 1,095.93 ($18.76).
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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