Tullow Oil (TLW) Price Target Cut to GBX 230
Tullow Oil (LON:TLW) had its target price trimmed by Berenberg Bank from GBX 240 ($3.14) to GBX 230 ($3.01) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the stock.
Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group upgraded Tullow Oil to a buy rating and set a GBX 290 ($3.79) target price for the company in a research note on Monday, October 22nd. Canaccord Genuity upgraded Tullow Oil to a buy rating and increased their price target for the company from GBX 250 ($3.27) to GBX 270 ($3.53) in a research note on Monday, September 17th. UBS Group reiterated a neutral rating on shares of Tullow Oil in a research note on Friday, November 30th. BNP Paribas dropped their price target on Tullow Oil from GBX 350 ($4.57) to GBX 250 ($3.27) and set an outperform rating for the company in a research note on Monday, December 10th. Finally, Royal Bank of Canada upgraded Tullow Oil to an outperform rating and dropped their price target for the company from GBX 300 ($3.92) to GBX 275 ($3.59) in a research note on Monday, January 7th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Tullow Oil has an average rating of Buy and an average target price of GBX 254.11 ($3.32).
LON TLW opened at GBX 201.80 ($2.64) on Wednesday. Tullow Oil has a fifty-two week low of GBX 142.30 ($1.86) and a fifty-two week high of GBX 243 ($3.18).
Tullow Oil plc engages in the oil and gas exploration, development, and production activities. Its portfolio comprises approximately 90 licenses covering 263,820 square kilometers in 16 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.
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