Eland Oil & Gas PLC Given “Buy” Rating at Northland Capital Partners (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating reaffirmed by investment analysts at Northland Capital Partners in a note issued to investors on Wednesday, American Banking & Market News reports. They currently have a GBX 161 ($2.60) target price on the stock. Northland Capital Partners’ price target points to a potential upside of 44.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Eland Oil & Gas PLC (LON:ELA) from GBX 180 ($2.90) to GBX 173 ($2.79) in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Analysts at Davy Research initiated coverage on shares of Eland Oil & Gas PLC (LON:ELA) in a research note to investors on Thursday, August 29th. They set an “outperform” rating on the stock.
Shares of Eland Oil & Gas PLC (LON:ELA) traded down 0.22% on Wednesday, hitting GBX 111.25. 485,210 shares of the company’s stock traded hands. Eland Oil & Gas PLC has a 52 week low of GBX 110.00 and a 52 week high of GBX 132.90. The stock’s 50-day moving average is GBX 45.77 and its 200-day moving average is GBX 46.00.
Eland Oil & Gas PLC is United Kingdom-based company. The Company is engaged in exploration, development and production of oil and gas reserves in West Africa.
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