Eland Oil & Gas PLC (LON:ELA) had its target price hoisted by Canaccord Genuity from GBX 100 ($1.32) to GBX 115 ($1.51) in a research note released on Monday. The firm currently has a buy rating on the stock.

Separately, Peel Hunt restated a buy rating and issued a GBX 90 ($1.18) price target on shares of Eland Oil & Gas PLC in a report on Friday, July 21st.

Eland Oil & Gas PLC (LON:ELA) traded down GBX 1 ($0.01) during midday trading on Monday, reaching GBX 63.75 ($0.84). The company’s stock had a trading volume of 176,362 shares, compared to its average volume of 333,932. Eland Oil & Gas PLC has a 52-week low of GBX 34 ($0.45) and a 52-week high of GBX 75 ($0.99).

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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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