Raging River Exploration Given Average Recommendation of “Buy” by Analysts (CVE:RRX)
Raging River Exploration (CVE:RRX) has been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, Analyst RN reports. Eight analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$12.78.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Raging River Exploration from C$13.00 to C$13.50 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at FirstEnergy Capital raised their price target on shares of Raging River Exploration from C$12.50 to C$12.75 in a research note on Wednesday. Finally, 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. They now have a “buy” rating on the stock.
Raging River Exploration (CVE:RRX) opened at 10.10 on Wednesday. Raging River Exploration has a 52 week low of $5.10 and a 52 week high of $11.25. The stock’s 50-day moving average is $9.96 and its 200-day moving average is $9.2. The company has a market cap of $1.811 billion and a P/E ratio of 26.54.
Raging River Exploration Inc (CVE:RRX) is a junior oil and gas producer.
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