Eland Oil & Gas PLC Price Target Cut to GBX 165 by Analysts at Canaccord Genuity (ELA)
Equities research analysts at Canaccord Genuity cut their price target on shares of Eland Oil & Gas PLC (LON:ELA) from GBX 173 ($2.85) to GBX 165 ($2.72) in a research note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 58.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note to investors on Monday, January 6th. They now have a GBX 161 ($2.65) price target on the stock.
Eland Oil & Gas PLC (LON:ELA) traded up 0.68% during mid-day trading on Wednesday, hitting GBX 104.208. The stock had a trading volume of 25,764 shares. Eland Oil & Gas PLC has a one year low of GBX 87.00 and a one year high of GBX 132.90. The stock’s 50-day moving average is GBX 99.0 and its 200-day moving average is GBX 112.4.
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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