Eland Oil & Gas PLC (ELA) Price Target Raised to GBX 115
Eland Oil & Gas PLC (LON:ELA) had its price objective boosted by stock analysts at Canaccord Genuity from GBX 100 ($1.32) to GBX 115 ($1.51) in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 76.92% from the stock’s current price.
Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 90 ($1.18) price target on shares of Eland Oil & Gas PLC in a research note on Tuesday, November 7th.
Eland Oil & Gas PLC (LON ELA) traded up GBX 1 ($0.01) during trading hours on Monday, reaching GBX 65 ($0.85). The company had a trading volume of 64,624 shares, compared to its average volume of 334,646. Eland Oil & Gas PLC has a fifty-two week low of GBX 34 ($0.45) and a fifty-two week high of GBX 75 ($0.99).
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Eland Oil & Gas PLC Company Profile
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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