Eland Oil & Gas (ELA) Receives “Buy” Rating from Peel Hunt
Eland Oil & Gas (LON:ELA)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a report issued on Friday. They currently have a GBX 100 ($1.35) price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 43.88% from the stock’s previous close.
ELA has been the subject of several other reports. Canaccord Genuity raised their target price on shares of Eland Oil & Gas from GBX 100 ($1.35) to GBX 115 ($1.55) and gave the company a “buy” rating in a research note on Monday, November 13th. Canaccord Genuity Group raised their price objective on shares of Eland Oil & Gas from GBX 100 ($1.35) to GBX 115 ($1.55) and gave the stock a “buy” rating in a research report on Monday, November 13th.
Shares of Eland Oil & Gas (LON:ELA) opened at GBX 69.50 ($0.94) on Friday. Eland Oil & Gas has a one year low of GBX 38.50 ($0.52) and a one year high of GBX 75 ($1.01).
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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