Raging River Exploration Inc. (RRX) Receives C$11.10 Consensus PT from Analysts

Raging River Exploration Inc. (TSE:RRX) has earned a consensus rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$11.10.

Several brokerages recently weighed in on RRX. National Bank Financial dropped their price target 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. TD Securities raised their price target 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. GMP Securities raised their price target on shares of Raging River Exploration from C$10.00 to C$12.00 in a research report on Monday, November 13th. Raymond James Financial, Inc. raised shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$8.50 to C$9.50 in a research report on Friday, November 10th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$11.00 price target on shares of Raging River Exploration in a research report on Thursday, September 28th.

Raging River Exploration (RRX) traded up C$0.10 during mid-day trading on Tuesday, hitting C$7.50. 659,310 shares of the stock were exchanged, compared to its average volume of 900,224. Raging River Exploration has a one year low of C$6.25 and a one year high of C$11.28.

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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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