Eland Oil & Gas PLC’s Neutral Rating Reaffirmed at Westhouse Securities (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “neutral” rating reaffirmed by stock analysts at Westhouse Securities in a report issued on Friday. They currently have a GBX 123 ($2.06) price target on the stock. Westhouse Securities’ target price points to a potential upside of 38.20% from the stock’s previous close.
Eland Oil & Gas PLC (LON:ELA) traded down 1.41% on Friday, hitting GBX 87.50. The stock had a trading volume of 450,868 shares. Eland Oil & Gas PLC has a 52 week low of GBX 86.041 and a 52 week high of GBX 131.00. The stock has a 50-day moving average of GBX 109.1 and a 200-day moving average of GBX 112.4.
A number of other analysts have also recently weighed in on ELA. Analysts at Northland Securities reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Friday. They now have a GBX 161 ($2.70) price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Eland Oil & Gas PLC from GBX 190 ($3.19) to GBX 180 ($3.02) in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 156.25 ($2.62).
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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