A number of other brokerages have also recently issued reports on TLW. Deutsche Bank AG increased their target price on shares of Tullow Oil plc from GBX 210 ($2.76) to GBX 225 ($2.96) and gave the stock a buy rating in a research report on Thursday. Citigroup Inc. reiterated a neutral rating and set a GBX 200 ($2.63) target price on shares of Tullow Oil plc in a research report on Monday, October 16th. Jefferies Group LLC cut shares of Tullow Oil plc to an underperform rating and set a GBX 155 ($2.04) target price for the company. in a research report on Wednesday, October 4th. Royal Bank Of Canada upgraded shares of Tullow Oil plc to an outperform rating and raised their price objective for the company from GBX 200 ($2.63) to GBX 260 ($3.42) in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus upgraded shares of Tullow Oil plc to a hold rating and set a GBX 180 ($2.37) price objective for the company in a research report on Sunday, September 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company 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 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 news, insider Les Wood acquired 299 shares of the stock in a transaction dated 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 ($593.83).
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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