On Tuesday numis reiterated its target price on Tullow Oil (LON:TLW) shares issuing the company with a ‘Sell’ rating.
numis gave the share price of Tullow Oil a price target of 250 meaning the broker expects a potential downside of -23.36% from Tullow Oil’s current market price of 326.2.
Tullow Oil has 911,900,000 shares outstanding at the moment which are trading around 326.2 bringing Tullow Oil’s market capitalisation to 2.97B GBP.
The 52 week high of Tullow Oil’s shares is 346.2 whilst the 52 week low for shares in the company is 116.26. The 50 day moving average of LON:TLW is 303.98 and the 200 day moving average is 255.25.
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