Eland Oil & Gas (LON:ELA) had its price objective lifted by stock analysts at Peel Hunt from GBX 120 ($1.63) to GBX 125 ($1.70) in a report released on Wednesday. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 47.06% from the stock’s previous close.

A number of other equities analysts have also commented on ELA. Canaccord Genuity Group raised their price target on Eland Oil & Gas from GBX 100 ($1.36) to GBX 115 ($1.56) and gave the stock a “buy” rating in a report on Monday, November 13th. Canaccord Genuity raised their price target on Eland Oil & Gas from GBX 100 ($1.36) to GBX 115 ($1.56) and gave the stock a “buy” rating in a report on Monday, November 13th.

Eland Oil & Gas (LON:ELA) opened at GBX 85 ($1.15) on Wednesday. Eland Oil & Gas has a twelve month low of GBX 44.30 ($0.60) and a twelve month high of GBX 86.80 ($1.18). The firm has a market capitalization of $185.79 and a price-to-earnings ratio of 1,700.00.

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About Eland Oil & Gas

Eland Oil & Gas PLC is a United Kingdom-based independent oil and gas company. The Company focuses on the production and development in West Africa, primarily in the Niger Delta region of Nigeria. It focuses on building and developing a portfolio of producing upstream oil and gas assets in West Africa.

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