Peel Hunt Boosts Eland Oil & Gas PLC (ELA) Price Target to GBX 100
Eland Oil & Gas PLC (LON:ELA) had its target price raised by Peel Hunt from GBX 95 ($1.23) to GBX 100 ($1.29) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently weighed in on ELA. Panmure Gordon reiterated a buy rating and issued a GBX 95 ($1.23) price target on shares of Eland Oil & Gas PLC in a research report on Tuesday, February 21st. Canaccord Genuity upgraded Eland Oil & Gas PLC to a buy rating and lifted their price target for the company from GBX 100 ($1.29) to GBX 110 ($1.42) in a research report on Tuesday, April 25th.
Eland Oil & Gas PLC (LON:ELA) opened at 55.4375 on Tuesday. Eland Oil & Gas PLC has a one year low of GBX 22.17 and a one year high of GBX 62.00. The firm’s market capitalization is GBX 106.78 million. The firm has a 50-day moving average price of GBX 54.94 and a 200-day moving average price of GBX 46.00.
Eland Oil & Gas PLC Company Profile
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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