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Research analysts at CIBC increased their target price on shares of Raging River Exploration (CVE:RRX) from C$8.25 to C$9.75 in a report released on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 160.00% from the company’s current price.

RRX has been the subject of a number of other recent research reports. Analysts at Dundee Securities raised their price target on shares of Raging River Exploration from C$9.00 to C$9.25 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Raging River Exploration from C$7.50 to C$8.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Paradigm Capital raised their price target on shares of Raging River Exploration from C$7.50 to C$9.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$8.97.

Raging River Exploration (CVE:RRX) traded up 0.14% during mid-day trading on Wednesday, hitting $7.40. The stock had a trading volume of 619,035 shares. Raging River Exploration has a one year low of $3.04 and a one year high of $7.50. The stock’s 50-day moving average is $6.56 and its 200-day moving average is $5.6. The company has a P/E ratio of 35.19.

Raging River Exploration Inc (CVE:RRX) is a junior oil and gas producer.

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