Eland Oil & Gas PLC (LON:ELA) had its price target raised by investment analysts at Peel Hunt from GBX 80 ($1.04) to GBX 90 ($1.17) in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 144.90% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Canaccord Genuity reissued a “speculative buy” rating and issued a GBX 110 ($1.44) target price on shares of Eland Oil & Gas PLC in a research report on Wednesday, August 31st. Panmure Gordon reissued a “buy” rating and issued a GBX 95 ($1.24) target price on shares of Eland Oil & Gas PLC in a research report on Thursday, September 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 106.25 ($1.39).

Eland Oil & Gas PLC (LON:ELA) opened at 36.75 on Tuesday. Eland Oil & Gas PLC has a 12 month low of GBX 20.50 and a 12 month high of GBX 46.25. The firm’s 50-day moving average is GBX 32.59 and its 200-day moving average is GBX 29.20. The company’s market cap is GBX 70.79 million.

About Eland Oil & Gas PLC

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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