Shares of Eland Oil & Gas PLC (LON:ELA) have received an average recommendation of “Buy” from the five brokerages that are presently covering the company. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 106.25 ($1.32).

A number of equities analysts recently commented on the stock. Panmure Gordon reaffirmed a “buy” rating and set a GBX 95 ($1.18) price target on shares of Eland Oil & Gas PLC in a research note on Thursday, September 22nd. Canaccord Genuity reaffirmed a “speculative buy” rating and set a GBX 110 ($1.36) price target on shares of Eland Oil & Gas PLC in a research note on Thursday, September 22nd. Finally, Peel Hunt lifted their price target on shares of Eland Oil & Gas PLC from GBX 80 ($0.99) to GBX 90 ($1.11) and gave the stock a “buy” rating in a research note on Tuesday, October 4th.

Eland Oil & Gas PLC (LON:ELA) opened at 35.25 on Thursday. Eland Oil & Gas PLC has a 52-week low of GBX 20.50 and a 52-week high of GBX 50.00. The stock’s 50 day moving average is GBX 39.75 and its 200-day moving average is GBX 31.91. The stock’s market capitalization is GBX 67.90 million.

Eland Oil & Gas PLC Company Profile

Eland Oil & Gas PLC is focused on building and developing a portfolio of producing upstream oil and gas assets in West Africa. The Company operates in exploration and production of oil and gas reserves in Nigeria segment. The Company’s core assets are the OML 40 license and the Ubima field, both onshore Nigeria.

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