Raging River Exploration (TSE:RRX) had its target price reduced by research analysts at CIBC from C$8.00 to C$7.50 in a note issued to investors on Tuesday. CIBC’s price target suggests a potential upside of 21.36% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. National Bank Financial upped their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Canaccord Genuity cut their price objective on Raging River Exploration from C$9.00 to C$8.00 in a research report on Friday, February 23rd. Raymond James Financial downgraded Raging River Exploration from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$8.50 to C$7.00 in a research report on Friday, February 23rd. Eight Capital upped their price objective on Raging River Exploration from C$10.50 to C$13.15 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Scotiabank cut their price objective on Raging River Exploration from C$11.50 to C$10.50 and set an “outperform” rating on the stock in a research report on Tuesday, March 6th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$9.72.
Shares of Raging River Exploration (TSE:RRX) traded up C$0.15 during trading on Tuesday, reaching C$6.18. The company’s stock had a trading volume of 390,744 shares, compared to its average volume of 1,271,882. The company has a market cap of $1,400.00, a P/E ratio of 23.58 and a beta of 0.53. Raging River Exploration has a 12 month low of C$5.52 and a 12 month high of C$10.40.
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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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