Brokerages Set Eland Oil & Gas PLC (LON:ELA) Price Target at $106.25
Eland Oil & Gas PLC (LON:ELA) has received a consensus rating of “Buy” from the five research firms that are covering the firm. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 106.25 ($1.39).
A number of equities research analysts have weighed in on the stock. Canaccord Genuity reissued a “speculative buy” rating and issued a GBX 110 ($1.44) price target on shares of Eland Oil & Gas PLC in a report on Tuesday, July 12th. Panmure Gordon reissued a “buy” rating and issued a GBX 95 ($1.24) price target on shares of Eland Oil & Gas PLC in a report on Thursday, September 22nd. Finally, Peel Hunt upped their price target on shares of Eland Oil & Gas PLC from GBX 80 ($1.04) to GBX 90 ($1.17) and gave the company a “buy” rating in a report on Tuesday, October 4th.
Shares of Eland Oil & Gas PLC (LON:ELA) opened at 43.625 on Thursday. Eland Oil & Gas PLC has a 12-month low of GBX 20.50 and a 12-month high of GBX 45.00. The stock’s market capitalization is GBX 84.03 million. The company has a 50-day moving average of GBX 33.92 and a 200-day moving average of GBX 29.50.
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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