Raging River Exploration Receives Sector Outperform Rating from Scotiabank (RRX)
Raging River Exploration (CVE:RRX)‘s stock had its “sector outperform” rating reiterated by research analysts at Scotiabank in a report released on Thursday, AmericanBankingNews.com reports. They currently have a C$9.00 price target on the stock, up from their previous price target of C$7.00. Scotiabank’s price objective indicates a potential upside of 140.00% from the stock’s previous close.
A number of other firms have also recently commented on RRX. Analysts at Desjardins initiated coverage on shares of Raging River Exploration in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Raging River Exploration from C$6.50 to C$7.50 in a research note to investors on Friday, November 22nd. They now have an “outperform” rating on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Raging River Exploration in a research note to investors on Friday, November 15th. They now have a C$7.00 price target on the stock. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$7.86.
Shares of Raging River Exploration (CVE:RRX) traded up 1.12% on Thursday, hitting $6.30. The stock had a trading volume of 1,315,263 shares. Raging River Exploration has a one year low of $2.80 and a one year high of $6.59. The stock has a 50-day moving average of $6.02 and a 200-day moving average of $5.15. The company has a P/E ratio of 29.67.
Raging River Exploration Inc (CVE:RRX) is a junior oil and gas producer.
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