Raging River Exploration Inc. (TSE:RRX) had its price target hoisted by investment analysts at GMP Securities from C$10.00 to C$12.00 in a research note issued on Monday. GMP Securities’ price target suggests a potential upside of 49.81% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada lowered their price objective on shares of Raging River Exploration from C$13.00 to C$10.00 in a research report on Thursday, July 20th. TD Securities upped their price objective on shares of Raging River Exploration from C$10.00 to C$11.00 and gave the company an “action list buy” rating in a research report on Friday, November 10th. Raymond James Financial, Inc. upgraded shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$8.50 to C$9.50 in a research report on Friday, November 10th. National Bank Financial lowered their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Finally, Scotiabank restated an “outperform” rating and issued a C$11.00 price objective on shares of Raging River Exploration in a research report on Thursday, September 28th. Two equities research 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 stock currently has an average rating of “Buy” and a consensus target price of C$11.10.
Shares of Raging River Exploration (TSE RRX) opened at C$8.01 on Monday. Raging River Exploration has a 1 year low of C$6.25 and a 1 year high of C$11.28.
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Raging River Exploration Company Profile
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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