Raging River Exploration Inc (RRX) Stock Rating Reaffirmed by BMO Capital Markets
Raging River Exploration Inc (TSE:RRX)‘s stock had its “outperform” rating reissued by investment analysts at BMO Capital Markets in a research note issued on Wednesday. They currently have a C$10.00 target price on the stock. BMO Capital Markets’ target price indicates a potential upside of 37.36% from the stock’s current price.
Several other research analysts have also weighed in on RRX. TD Securities raised Raging River Exploration from a “buy” rating to an “action list buy” rating and set a C$11.50 price target on the stock in a research report on Tuesday, May 23rd. Royal Bank Of Canada dropped their price target on Raging River Exploration from C$13.00 to C$10.00 in a research report on Thursday, July 20th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$11.38.
Shares of Raging River Exploration (RRX) opened at 7.28 on Wednesday. The firm has a market capitalization of $1.68 billion and a price-to-earnings ratio of 28.33. Raging River Exploration has a 52 week low of $6.25 and a 52 week high of $11.87. The firm has a 50-day moving average price of $6.93 and a 200-day moving average price of $8.03.
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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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