Eland Oil & Gas PLC (LON:ELA) had its price objective lifted by equities research analysts at Peel Hunt from GBX 80 ($1.04) to GBX 90 ($1.17) in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 125.00% from the stock’s previous close.
A number of other equities research analysts have also recently commented on ELA. Panmure Gordon reaffirmed a “buy” rating and set a GBX 95 ($1.24) price objective on shares of Eland Oil & Gas PLC in a research note on Thursday, September 22nd. Canaccord Genuity reiterated a “speculative buy” rating and set a GBX 110 ($1.44) target price on shares of Eland Oil & Gas PLC in a research report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 106.25 ($1.39).
Eland Oil & Gas PLC (LON:ELA) opened at 40.00 on Tuesday. The company’s market cap is GBX 77.05 million. The firm’s 50-day moving average is GBX 33.06 and its 200-day moving average is GBX 29.31. Eland Oil & Gas PLC has a 52-week low of GBX 20.50 and a 52-week high of GBX 46.25.
About Eland Oil & Gas PLC
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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