Eland Oil & Gas PLC’s (ELA) “Buy” Rating Reiterated at Peel Hunt
Several other research analysts also recently commented on the stock. Panmure Gordon dropped their price objective on shares of Eland Oil & Gas PLC from GBX 120 ($1.55) to GBX 95 ($1.23) and set a buy rating for the company in a report on Tuesday, July 4th. Canaccord Genuity reissued a buy rating and set a GBX 110 ($1.42) price objective on shares of Eland Oil & Gas PLC in a report on Thursday, June 1st.
Shares of Eland Oil & Gas PLC (LON ELA) opened at 55.50 on Monday. Eland Oil & Gas PLC has a 1-year low of GBX 27.44 and a 1-year high of GBX 66.00. The company’s market cap is GBX 106.90 million. The company’s 50-day moving average price is GBX 50.75 and its 200 day moving average price is GBX 52.95.
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About Eland Oil & Gas PLC
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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