Todays Report: Today, Tullow Oil plc’s (TLW) “Hold” Rating Reaffirm at Deutsche Bank AG

Today, Tullow Oil plc’s (TLW) “Hold” Rating Reaffirm at Deutsche Bank AG

Tullow Oil plc (LON:TLW)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a report released on Tuesday.

Other equities analysts have also recently issued reports about the stock. Beaufort Securities reaffirmed a “buy” rating on shares of Tullow Oil plc in a research note on Monday, September 26th. Morgan Stanley lowered their price target on shares of Tullow Oil plc from GBX 322 ($4.02) to GBX 312 ($3.90) and set an “equal weight” rating on the stock in a research note on Monday, July 11th. Numis Securities Ltd raised shares of Tullow Oil plc to a “hold” rating and upped their price target for the stock from GBX 190 ($2.37) to GBX 200 ($2.50) in a research note on Friday, August 5th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 210 ($2.62) price target on shares of Tullow Oil plc in a research note on Wednesday, July 27th. Finally, Credit Suisse Group AG lowered their price target on shares of Tullow Oil plc from GBX 370 ($4.62) to GBX 300 ($3.75) and set an “outperform” rating on the stock in a research note on Thursday, July 28th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Tullow Oil plc presently has an average rating of “Hold” and an average price target of GBX 247.41 ($3.09).

Shares of Tullow Oil plc (LON:TLW) traded down 2.01% during trading on Tuesday, reaching GBX 272.70. 4,449,644 shares of the company’s stock were exchanged. Tullow Oil plc has a 52 week low of GBX 116.26 and a 52 week high of GBX 295.96. The stock has a 50 day moving average price of GBX 270.73 and a 200-day moving average price of GBX 241.38. The stock’s market capitalization is GBX 2.49 billion.

In related news, insider Angus McCoss purchased 173 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was acquired at an average price of GBX 260 ($3.25) per share, with a total value of £449.80 ($561.97).

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