Tullow Oil plc 50.3% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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Tullow Oil plc using EPIC/TICKER code (LON:TLW) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set their target price at 26 GBX on its stock. This now indicates the analyst believes there is a possible upside of 50.3% from today’s opening price of 17.3 GBX. Over the last 30 and 90 trading days the company share price has increased 1.3 points and decreased 43.76 points respectively. The 52 week high for the share price is currently at 254.71 GBX while the year low share price is currently 7.17 GBX.

Tullow Oil plc has a 50 day moving average of 32.20 GBX and a 200 Day Moving Average share price is recorded at 135.28. There are currently 1,408,609,725 shares in issue with the average daily volume traded being 47,388,566. Market capitalisation for LON:TLW is £351,835,506 GBP.

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    Tullow Oil plc on track to achieve its free cash flow targets and has resolved operational issues. Financially, Tullow Oil has seen revenue growth and debt reduction.

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