Canaccord Genuity reissued their speculative buy rating on shares of Eland Oil & Gas PLC (LON:ELA) in a research note published on Thursday. They currently have a GBX 110 ($1.44) price target on the stock.
ELA has been the topic of a number of other research reports. Peel Hunt reiterated a buy rating and set 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 reiterated a buy rating and set a GBX 95 ($1.24) price target on shares of Eland Oil & Gas PLC in a research report on Thursday, September 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 103.75 ($1.35).
Eland Oil & Gas PLC (LON:ELA) opened at 37.25 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 50-day moving average price is GBX 31.38 and its 200-day moving average price is GBX 29.10. The stock’s market cap is GBX 71.75 million.
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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