Eland Oil & Gas PLC Given Buy Rating at Northland Securities (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating restated by research analysts at Northland Securities in a report released on Wednesday, Analyst Ratings News reports. They currently have a GBX 161 ($2.70) price target on the stock. Northland Securities’ price target points to a potential upside of 26.52% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Eland Oil & Gas PLC from GBX 180 ($3.02) to GBX 190 ($3.19) in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Separately, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Wednesday, March 5th. They now have a GBX 161 ($2.70) price target on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 154 ($2.59).
Eland Oil & Gas PLC (LON:ELA) traded down 0.78% during mid-day trading on Wednesday, hitting GBX 127.25. 289,849 shares of the company’s stock traded hands. Eland Oil & Gas PLC has a 1-year low of GBX 87.00 and a 1-year high of GBX 132.90. The stock has a 50-day moving average of GBX 118.9 and a 200-day moving average of GBX 105.7.
Eland Oil & Gas PLC is an independent oil and gas company. The Company is engaged in the exploration, development and production of oil and gas reserves in West Africa, with an initial focus on Nigeria.
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