Eland Oil & Gas PLC (LON:ELA)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a GBX 110 ($1.44) price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 205.56% from the company’s current price.
ELA has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 80 ($1.04) price target (up previously from GBX 76 ($0.99)) on shares of Eland Oil & Gas PLC in a research report on Tuesday, May 31st. Panmure Gordon reissued a “buy” rating and set a GBX 95 ($1.24) target price on shares of Eland Oil & Gas PLC in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 103.75 ($1.35).
Shares of Eland Oil & Gas PLC (LON:ELA) opened at 36.00 on Thursday. Eland Oil & Gas PLC has a 12 month low of GBX 20.50 and a 12 month high of GBX 48.75. The company’s market cap is GBX 69.34 million. The stock’s 50 day moving average is GBX 30.91 and its 200-day moving average is GBX 29.15.
Eland Oil & Gas PLC Company Profile
Eland Oil & Gas PLC is an independent oil and gas company. The Company’s principal activities consist of identifying, acquiring and developing interests in oil and gas assets in West Africa, focused initially on Nigeria including the prolific Niger Delta. The Company’s asset is OML 40 in Nigeria, which are 81.4 million barrels gross 2P reserves.
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