Tullow Oil plc (TLW) Given New GBX 260 Price Target at Deutsche Bank AG
A number of other equities analysts have also recently issued reports on the stock. AlphaValue reissued a buy rating and issued a GBX 308 ($3.98) target price on shares of Tullow Oil plc in a report on Friday, March 17th. Jefferies Group LLC cut their price target on Tullow Oil plc from GBX 340 ($4.39) to GBX 270 ($3.49) and set a buy rating on the stock in a report on Monday, March 20th. Numis Securities Ltd raised Tullow Oil plc to an add rating and lifted their price target for the company from GBX 270 ($3.49) to GBX 285 ($3.68) in a report on Friday, March 10th. Credit Suisse Group AG cut their price target on Tullow Oil plc from GBX 285 ($3.68) to GBX 205 ($2.65) and set a neutral rating on the stock in a report on Friday, March 24th. Finally, GMP Securities cut Tullow Oil plc to a hold rating and set a GBX 240 ($3.10) price target on the stock. in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 260.20 ($3.36).
Shares of Tullow Oil plc (LON:TLW) traded up 2.18% during trading on Thursday, reaching GBX 210.50. The company had a trading volume of 9,399,346 shares. Tullow Oil plc has a 52-week low of GBX 154.23 and a 52-week high of GBX 299.86. The stock has a 50 day moving average of GBX 209.10 and a 200 day moving average of GBX 259.54. The stock’s market capitalization is GBX 1.92 billion.
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In related news, insider Ian Springett acquired 206 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were acquired at an average price of GBX 218 ($2.81) per share, for a total transaction of £449.08 ($579.68).
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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