Eland Oil & Gas PLC (ELA) Stock Rating Reaffirmed by Canaccord Genuity
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 110 ($1.44) price objective on the stock. Canaccord Genuity’s target price suggests a potential upside of 223.53% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. Panmure Gordon reissued a “buy” rating and set a GBX 95 ($1.24) target price on shares of Eland Oil & Gas PLC in a research report on Thursday. Peel Hunt restated a “buy” rating and set a GBX 80 ($1.04) price objective (up previously from GBX 76 ($0.99)) on shares of Eland Oil & Gas PLC in a report on Tuesday, May 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Eland Oil & Gas PLC presently has an average rating of “Buy” and a consensus price target of GBX 103.75 ($1.35).
Shares of Eland Oil & Gas PLC (LON:ELA) opened at 34.65 on Thursday. The company’s market cap is GBX 66.74 million. The stock’s 50 day moving average price is GBX 30.26 and its 200-day moving average price is GBX 29.00. Eland Oil & Gas PLC has a 12-month low of GBX 20.50 and a 12-month high of GBX 49.00.
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Eland Oil & Gas PLC Company Profile
Eland Oil & Gas PLC is an independent oil and gas company. The Company’s principal activities consist of identifying, acquiring and developing interests in oil and gas assets in West Africa, focused initially on Nigeria including the prolific Niger Delta. The Company’s asset is OML 40 in Nigeria, which are 81.4 million barrels gross 2P reserves.
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