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Stock analysts at Canaccord Genuity upped their price objective on shares of Eland Oil & Gas PLC (LON:ELA) from GBX 180 ($2.99) to GBX 185 ($3.07) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 97.54% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital Partners reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Friday, August 15th. They now have a GBX 161 ($2.67) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Eland Oil & Gas PLC in a research note on Friday, August 15th. They now have a GBX 123 ($2.04) price target on the stock. Finally, analysts at Northland Securities reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Friday, August 15th. They now have a GBX 161 ($2.67) price target on the stock. One equities 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 a consensus target price of GBX 157.50 ($2.61).

Shares of Eland Oil & Gas PLC (LON:ELA) opened at 93.75 on Tuesday. Eland Oil & Gas PLC has a one year low of GBX 86.00 and a one year high of GBX 131.00. The stock has a 50-day moving average of GBX 101.0 and a 200-day moving average of GBX 111.8.

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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