Tullow Oil plc (LON:TLW) had its price objective boosted by equities researchers at Deutsche Bank AG from GBX 200 ($2.63) to GBX 210 ($2.76) in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 14.07% from the stock’s previous close.
Other analysts have also issued reports about the stock. Macquarie reiterated an “outperform” rating and set a GBX 245 ($3.22) target price on shares of Tullow Oil plc in a report on Tuesday, September 12th. Barclays PLC reiterated an “overweight” rating and set a GBX 210 ($2.76) target price on shares of Tullow Oil plc in a report on Friday, July 28th. Credit Suisse Group upgraded shares of Tullow Oil plc to an “outperform” rating and increased their target price for the stock from GBX 205 ($2.70) to GBX 210 ($2.76) in a report on Tuesday, September 19th. Jefferies Group LLC reiterated a “buy” rating and set a GBX 250 ($3.29) target price on shares of Tullow Oil plc in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada dropped their target price on shares of Tullow Oil plc from GBX 275 ($3.62) to GBX 200 ($2.63) and set a “sector performer” rating for the company in a report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 227.09 ($2.99).
In other news, insider Les Wood purchased 299 shares of Tullow Oil plc stock in a transaction that occurred on Thursday, October 5th. The stock was bought at an average price of GBX 151 ($1.99) per share, with a total value of £451.49 ($593.60).
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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