Raging River Exploration Inc. (TSE:RRX) had its price target boosted by equities research analysts at GMP Securities from C$10.00 to C$12.00 in a research note issued to investors on Monday, November 13th. GMP Securities’ target price would suggest a potential upside of 60.21% from the company’s previous close.
A number of other equities research analysts also recently issued reports on RRX. Scotiabank reissued an “outperform” rating and set a C$11.00 price objective on shares of Raging River Exploration in a research report on Thursday, September 28th. BMO Capital Markets reissued an “outperform” rating and set a C$10.00 price objective on shares of Raging River Exploration in a research report on Wednesday, September 13th. Raymond James Financial, Inc. raised shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$8.50 to C$9.50 in a report on Friday, November 10th. TD Securities upped their target price on shares of Raging River Exploration from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a report on Friday, November 10th. Finally, National Bank Financial dropped their target price on shares of Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$11.10.
Shares of Raging River Exploration (RRX) traded up C$0.09 on Monday, reaching C$7.49. 567,726 shares of the company’s stock were exchanged, compared to its average volume of 901,295. Raging River Exploration has a 1-year low of C$6.25 and a 1-year high of C$11.28.
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About Raging River Exploration
Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.
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