Peel Hunt Reiterates Buy Rating for Eland Oil & Gas PLC (ELA)
Eland Oil & Gas PLC (LON:ELA)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 90 ($1.19) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 51.90% from the company’s current price.
Separately, Panmure Gordon cut their price objective on Eland Oil & Gas PLC from GBX 120 ($1.59) to GBX 95 ($1.26) and set a “buy” rating for the company in a report on Tuesday, July 4th.
Eland Oil & Gas PLC (LON:ELA) opened at 59.25 on Monday. Eland Oil & Gas PLC has a 1-year low of GBX 32.65 and a 1-year high of GBX 66.00. The firm’s market capitalization is GBX 130.45 million. The firm’s 50-day moving average is GBX 54.27 and its 200-day moving average is GBX 53.81.
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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