Raging River Exploration PT Raised to C$7.00 at Canaccord Genuity (RRX)
Research analysts at Canaccord Genuity upped their price objective on shares of Raging River Exploration (CVE:RRX) from C$6.00 to C$7.00 in a report released on Thursday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 86.67% from the stock’s previous close.
A number of other analysts have also recently weighed in on RRX. Analysts at CIBC raised their price target on shares of Raging River Exploration from C$6.00 to C$7.00 in a research note to investors on Thursday. Separately, analysts at TD Securities raised their price target on shares of Raging River Exploration from C$6.75 to C$7.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Raging River Exploration from C$5.75 to C$7.00 in a research note to investors on Wednesday, September 11th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of C$6.56.
Shares of Raging River Exploration (CVE:RRX) traded down 0.52% during mid-day trading on Thursday, hitting $5.71. The stock had a trading volume of 627,994 shares. Raging River Exploration has a 52 week low of $2.25 and a 52 week high of $5.83. The stock’s 50-day moving average is $5.19 and its 200-day moving average is $4.2.
Raging River Exploration Inc (CVE:RRX) is a junior oil and gas producer.
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