Trading Report: The Brokerages Set Eland Oil & Gas PLC (LON:ELA) Price Target at $106.25

The Brokerages Set Eland Oil & Gas PLC (LON:ELA) Price Target at $106.25

Eland Oil & Gas PLC (LON:ELA) has earned a consensus recommendation of “Buy” from the five ratings firms that are covering the firm. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 106.25 ($1.39).

ELA has been the subject of a number of research reports. Canaccord Genuity reiterated a “speculative buy” rating and issued a GBX 110 ($1.44) price objective on shares of Eland Oil & Gas PLC in a research report on Tuesday, July 12th. Panmure Gordon reiterated a “buy” rating and issued a GBX 95 ($1.24) price objective on shares of Eland Oil & Gas PLC in a research report on Thursday, September 22nd. Finally, Peel Hunt lifted their price objective on Eland Oil & Gas PLC from GBX 80 ($1.04) to GBX 90 ($1.17) and gave the stock a “buy” rating in a research report on Tuesday, October 4th.

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