Raging River Exploration (RRX) Price Target Raised to C$13.15 at Eight Capital
Raging River Exploration (TSE:RRX) had its price target upped by research analysts at Eight Capital from C$10.50 to C$13.15 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Eight Capital’s price target would indicate a potential upside of 51.67% from the stock’s current price.
A number of other research firms also recently issued reports on RRX. National Bank Financial dropped their target price on shares of Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Raymond James Financial upgraded shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$8.50 to C$9.50 in a research report on Friday, November 10th. Scotiabank reiterated an “outperform” rating and set a C$11.00 target price on shares of Raging River Exploration in a research report on Thursday, September 28th. GMP Securities lowered their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 in a report on Monday, October 2nd. Finally, TD Securities upped their price objective on shares of Raging River Exploration from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$11.12.
Raging River Exploration (RRX) traded up C$0.11 during trading on Monday, hitting C$8.67. 5,134,314 shares of the company were exchanged, compared to its average volume of 1,522,012. Raging River Exploration has a 52 week low of C$6.25 and a 52 week high of C$10.40. The firm has a market cap of $2,040.00, a P/E ratio of 34.68 and a beta of 0.40.
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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