Credit Suisse Group Increases Tullow Oil plc (TLW) Price Target to GBX 240
Tullow Oil plc (LON:TLW) had its price target raised by equities research analysts at Credit Suisse Group from GBX 205 ($2.70) to GBX 240 ($3.16) in a report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 21.95% from the company’s previous close.
Several other brokerages have also issued reports on TLW. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 200 ($2.63) price target on shares of Tullow Oil plc in a report on Monday, October 16th. Macquarie reiterated an “outperform” rating and issued a GBX 245 ($3.22) price target on shares of Tullow Oil plc in a report on Tuesday, September 12th. Jefferies Group LLC lowered Tullow Oil plc to an “underperform” rating and set a GBX 155 ($2.04) price target on the stock. in a report on Wednesday, October 4th. Stifel Nicolaus upgraded Tullow Oil plc to a “hold” rating and set a GBX 180 ($2.37) price target on the stock in a report on Sunday, September 24th. Finally, Barclays PLC reiterated an “overweight” rating on shares of Tullow Oil plc in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 229.20 ($3.01).
Shares of Tullow Oil plc (TLW) traded down GBX 0.10 ($0.00) during trading hours on Thursday, reaching GBX 196.80 ($2.59). The company’s stock had a trading volume of 8,420,094 shares, compared to its average volume of 10,240,000. Tullow Oil plc has a 1-year low of GBX 142.30 ($1.87) and a 1-year high of GBX 299.86 ($3.94).
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In other Tullow Oil plc news, insider Les Wood purchased 299 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were acquired at an average cost of GBX 151 ($1.99) per share, for a total transaction of £451.49 ($593.83).
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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