Raging River Exploration Given Consensus Recommendation of “Buy” by Brokerages (CVE:RRX)
Raging River Exploration (CVE:RRX) has received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, AnalystRatings.Net reports. Seven equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$11.97.
Raging River Exploration (CVE:RRX) traded up 2.61% on Wednesday, hitting $9.84. The stock had a trading volume of 449,889 shares. Raging River Exploration has a 52 week low of $4.91 and a 52 week high of $11.25. The stock’s 50-day moving average is $10.03 and its 200-day moving average is $9.19. The company has a market cap of $1.764 billion and a P/E ratio of 25.92.
Separately, analysts at Canaccord Genuity raised their price target on shares of Raging River Exploration from C$12.00 to C$13.00 in a research note on Wednesday.
Raging River Exploration Inc (CVE:RRX) is a junior oil and gas producer.
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