Northland Securities Reiterates “Buy” Rating for Eland Oil & Gas PLC (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating reiterated by investment analysts at Northland Securities in a note issued to investors on Friday. They currently have a GBX 161 ($2.70) target price on the stock. Northland Securities’ price target suggests a potential upside of 80.90% from the company’s current price.
A number of other firms have also recently commented on ELA. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Eland Oil & Gas PLC in a research note on Monday, June 30th. They now have a GBX 123 ($2.06) price target on the stock. Finally, 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Eland Oil & Gas PLC presently has a consensus rating of “Buy” and an average target price of GBX 156.25 ($2.62).
Shares of Eland Oil & Gas PLC (LON:ELA) traded down 1.97% during mid-day trading on Friday, hitting GBX 87.00. 1,129,413 shares of the company’s stock traded hands. Eland Oil & Gas PLC has a 52 week low of GBX 86.041 and a 52 week high of GBX 131.00. The stock’s 50-day moving average is GBX 109.1 and its 200-day moving average is GBX 112.4.
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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