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 released on Friday morning. The brokerage currently has C$9.50 price objective on the stock, up from their prior price objective of C$8.50.
A number of other brokerages have also weighed in on RRX. Royal Bank Of Canada cut their price objective on Raging River Exploration from C$13.00 to C$10.00 in a report on Thursday, July 20th. GMP Securities dropped their target price on Raging River Exploration from C$11.00 to C$10.00 in a report on Monday, October 2nd. Scotiabank reaffirmed an outperform rating and set a C$11.00 target price on shares of Raging River Exploration in a report on Thursday, September 28th. 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. Finally, BMO Capital Markets reaffirmed an outperform rating and set a C$10.00 target price on shares of Raging River Exploration in a report on Wednesday, September 13th. Two investment 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’s stock. Raging River Exploration presently has an average rating of Buy and an average price target of C$10.90.
Raging River Exploration (RRX) opened at C$8.33 on Friday. 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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