Comment.tpl.php file code

<?php if ($title): ?>
	<h3 class="comment-title">
	  <?php print '#'. $id .' '. $title; ?> <?php if ($comment->new): ?><span class="new"><?php print $new; ?></span><?php endif; ?>
	</h3>
<?php elseif ($comment->new): ?><div class="new"><?php print $new; ?></div>
<?php endif; ?>

Is opening and closing of "if" blocks correct here?