Range Resources Receives Buy Rating from Cantor Fitzgerald Europe (RRL)
Range Resources (LON:RRL)‘s stock had its “buy” rating restated by analysts at Cantor Fitzgerald Europe in a research report issued to clients and investors on Wednesday. They currently have a GBX 3.70 ($0.06) price target on the stock. Cantor Fitzgerald Europe‘s price objective indicates a potential upside of 100.00% from the company’s current price.
Range Resources (LON:RRL) traded down 3.14% on Wednesday, hitting GBX 1.85. 30,790,676 shares of the company’s stock traded hands. Range Resources has a 52-week low of GBX 0.61 and a 52-week high of GBX 2.75. The stock’s 50-day moving average is GBX 1.9 and its 200-day moving average is GBX 1.18.
A number of other firms have also recently commented on RRL. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Range Resources in a research note on Tuesday, June 17th.
Range Resources Limited is engaged in hydrocarbon exploration and development within Somalia, Republic of Georgia, Texas, Trinidad and Colombia.
To view Cantor Fitzgerald Europe’s full report, visit Cantor Fitzgerald Europe’s official website.
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