Raging River Exploration Inc. (RRX) Given Consensus Rating of “Buy” by Brokerages
Shares of Raging River Exploration Inc. (TSE:RRX) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$11.10.
A number of brokerages have recently weighed in on RRX. GMP Securities raised their target price on Raging River Exploration from C$10.00 to C$12.00 in a research note on Monday, November 13th. TD Securities raised their target price on Raging River Exploration from C$10.00 to C$11.00 and gave the company an “action list buy” rating in a research note on Friday, November 10th. Raymond James Financial, Inc. upgraded Raging River Exploration from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$8.50 to C$9.50 in a research note on Friday, November 10th. National Bank Financial lowered their target price on Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Finally, Scotiabank restated an “outperform” rating and issued a C$11.00 target price on shares of Raging River Exploration in a research note on Thursday, September 28th.
Raging River Exploration (TSE:RRX) opened at C$7.53 on Tuesday. Raging River Exploration has a twelve month low of C$6.25 and a twelve month high of C$11.28.
About Raging River Exploration
Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.
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