Canaccord Genuity Lowers Tullow Oil plc Price Target to GBX 650 (TLW)
Research analysts at Canaccord Genuity dropped their target price on shares of Tullow Oil plc (LON:TLW) from GBX 825 ($13.69) to GBX 650 ($10.79) in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 10.96% from the company’s current price.
Shares of Tullow Oil plc (LON:TLW) opened at 735.65 on Tuesday. Tullow Oil plc has a one year low of GBX 699.00 and a one year high of GBX 1089.00. The stock has a 50-day moving average of GBX 253.8 and a 200-day moving average of GBX 447.3. The company’s market cap is £6.696 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 4 ($0.07) per share. This represents a dividend yield of 0.53%. The ex-dividend date is Wednesday, August 27th.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Tullow Oil plc in a research note on Monday. They now have a GBX 1,300 ($21.57) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Tullow Oil plc in a research note on Friday. They now have a GBX 1,065 ($17.67) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of Tullow Oil plc in a research note on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 1,035.74 ($17.19).
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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