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Eland Oil & Gas PLC (LON:ELA)‘s stock had its “neutral” rating restated by analysts at Westhouse Securities in a research report issued to clients and investors on Thursday. They currently have a GBX 123 ($2.04) target price on the stock. Westhouse Securities’ price objective points to a potential upside of 23.62% from the company’s current price.

Shares of Eland Oil & Gas PLC (LON:ELA) traded up 5.53% during mid-day trading on Thursday, hitting GBX 105.00. The stock had a trading volume of 246,662 shares. Eland Oil & Gas PLC has a 52-week low of GBX 86.00 and a 52-week high of GBX 131.00. The stock’s 50-day moving average is GBX 100.1 and its 200-day moving average is GBX 111.7.

Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities reiterated a “buy” rating on shares of Eland Oil & Gas PLC in a research note on Thursday. They now have a GBX 161 ($2.67) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Eland Oil & Gas PLC from GBX 180 ($2.99) to GBX 185 ($3.07) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 157.50 ($2.61).

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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