Brokerages Set Raging River Exploration Inc (RRX) PT at $10.89

Shares of Raging River Exploration Inc (TSE:RRX) have been assigned a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$10.89.

A number of equities analysts have issued reports on the company. Scotiabank restated an “outperform” rating and set a C$11.00 target price on shares of Raging River Exploration in a report on Thursday, September 28th. GMP Securities reduced their target price on Raging River Exploration from C$11.00 to C$10.00 in a report on Monday, October 2nd. National Bank Financial reduced their target price on Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Raymond James Financial upgraded Raging River Exploration from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$8.50 to C$9.50 in a report on Friday, November 10th. Finally, TD Securities raised their target price on 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.

Raging River Exploration (TSE:RRX) traded up C$0.11 during trading on Wednesday, reaching C$8.67. The company had a trading volume of 5,130,000 shares, compared to its average volume of 1,170,000. The company has a market capitalization of $2,010.00, a PE ratio of 34.68 and a beta of 0.40. Raging River Exploration has a fifty-two week low of C$6.25 and a fifty-two week high of C$10.40.

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Raging River Exploration Company Profile

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.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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