Canaccord Genuity Raises Eland Oil & Gas PLC (ELA) Price Target to GBX 115
Eland Oil & Gas PLC (LON:ELA) had its price target upped by Canaccord Genuity from GBX 100 ($1.32) to GBX 115 ($1.51) in a research note issued to investors on Monday, November 13th. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 69.12% from the company’s current price.
Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 90 ($1.18) target price on shares of Eland Oil & Gas in a research report on Monday, September 4th.
Eland Oil & Gas (ELA) traded up GBX 2.75 ($0.04) during midday trading on Monday, hitting GBX 68 ($0.89). 539,321 shares of the company were exchanged, compared to its average volume of 347,494. Eland Oil & Gas has a 1 year low of GBX 35.50 ($0.47) and a 1 year high of GBX 75 ($0.99).
Eland Oil & Gas PLC is a United Kingdom-based independent oil and gas company. The Company focuses on the production and development in West Africa, primarily in the Niger Delta region of Nigeria. It focuses on building and developing a portfolio of producing upstream oil and gas assets in West Africa.
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