Deutsche Bank AG Boosts Tullow Oil plc (TLW) Price Target to GBX 225
Tullow Oil plc (LON:TLW) had its target price lifted by Deutsche Bank AG from GBX 210 ($2.76) to GBX 225 ($2.96) in a report published on Thursday morning. Deutsche Bank AG currently has a buy rating on the stock.
Other analysts also recently issued research reports about the company. Macquarie reiterated an outperform rating and set a GBX 245 ($3.22) price target on shares of Tullow Oil plc in a research report on Tuesday, September 12th. Barclays PLC reiterated an overweight rating and set a GBX 210 ($2.76) price target on shares of Tullow Oil plc in a research report on Friday, July 28th. Credit Suisse Group upgraded Tullow Oil plc to an outperform rating and lifted their price target for the company from GBX 205 ($2.70) to GBX 210 ($2.76) in a research report on Tuesday, September 19th. Stifel Nicolaus upgraded Tullow Oil plc to a hold rating and set a GBX 180 ($2.37) price target for the company in a research report on Sunday, September 24th. Finally, Jefferies Group LLC reiterated a hold rating and set a GBX 155 ($2.04) price target on shares of Tullow Oil plc in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Tullow Oil plc has a consensus rating of Hold and an average price target of GBX 229.20 ($3.01).
Shares of Tullow Oil plc (LON:TLW) opened at GBX 196.80 ($2.59) on Thursday. Tullow Oil plc has a 12-month low of GBX 142.30 ($1.87) and a 12-month high of GBX 299.86 ($3.94).
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In other Tullow Oil plc news, insider Les Wood bought 299 shares of Tullow Oil plc stock in a transaction dated Thursday, October 5th. The shares were purchased at an average cost of GBX 151 ($1.99) per share, with a total value of £451.49 ($593.83).
Tullow Oil plc Company Profile
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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