Tullow Oil plc (TLW) Price Target Raised to GBX 210
Tullow Oil plc (LON:TLW) had its price target hoisted by research analysts at Deutsche Bank AG from GBX 200 ($2.63) to GBX 210 ($2.76) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 10.53% from the stock’s current price.
Several other brokerages have also issued reports on TLW. Canaccord Genuity decreased their price target on shares of Tullow Oil plc from GBX 200 ($2.63) to GBX 160 ($2.10) and set a “hold” rating for the company in a research note on Thursday, June 29th. Royal Bank Of Canada cut their price objective on shares of Tullow Oil plc from GBX 275 ($3.62) to GBX 200 ($2.63) and set a “sector performer” rating on the stock in a research report on Friday, June 23rd. Macquarie reissued an “outperform” rating and set a GBX 245 ($3.22) price objective on shares of Tullow Oil plc in a research report on Tuesday, September 12th. Barclays PLC reissued an “overweight” rating and set a GBX 210 ($2.76) price objective on shares of Tullow Oil plc in a research report on Thursday, June 29th. Finally, Jefferies Group LLC downgraded shares of Tullow Oil plc to an “underperform” rating and set a GBX 155 ($2.04) price objective on the stock. in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 227.09 ($2.99).
Shares of Tullow Oil plc (TLW) traded up 3.20% on Friday, hitting GBX 190.00. 9,959,564 shares of the stock were exchanged. The company’s market cap is GBX 2.33 billion. Tullow Oil plc has a 12 month low of GBX 142.38 and a 12 month high of GBX 299.86. The company has a 50-day moving average price of GBX 170.73 and a 200 day moving average price of GBX 178.72.
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In other Tullow Oil plc news, insider Les Wood acquired 299 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were bought at an average price of GBX 151 ($1.99) per share, with a total value of £451.49 ($593.60).
About Tullow Oil plc
Tullow Oil plc is an independent oil and gas exploration and production company. The Company’s primary activity is the discovery and production of oil and gas. Its segments include West Africa; East Africa, and New Ventures. The West Africa Business focuses on its production and development projects in West Africa and Europe.
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