Raging River Exploration Inc (RRX) Upgraded to “Outperform” at Raymond James Financial, Inc.
Raymond James Financial, Inc. upgraded shares of Raging River Exploration Inc (TSE:RRX) from a market perform rating to an outperform rating in a research report sent to investors on Friday. The brokerage currently has C$9.50 target price on the stock, up from their previous target price of C$8.50.
Several other research firms have also commented on RRX. National Bank Financial dropped their target price on Raging River Exploration from C$11.00 to C$10.00 and set an outperform rating on the stock in a report on Friday, October 13th. BMO Capital Markets restated an outperform rating and issued a C$10.00 price objective on shares of Raging River Exploration in a research note on Wednesday, September 13th. Scotiabank restated an outperform rating and issued a C$11.00 price objective on shares of Raging River Exploration in a research note on Thursday, September 28th. Royal Bank of Canada decreased their price objective on shares of Raging River Exploration from C$13.00 to C$10.00 in a research note on Thursday, July 20th. Finally, GMP Securities decreased their price objective on shares of Raging River Exploration from C$11.00 to C$10.00 in a research note on Monday, October 2nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$10.90.
Raging River Exploration (TSE RRX) traded down C$0.05 during trading hours on Friday, reaching C$8.33. The company had a trading volume of 1,225,200 shares, compared to its average volume of 882,810. Raging River Exploration has a 52-week low of C$6.25 and a 52-week 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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