CIBC Increases Raging River Exploration Inc (RRX) Price Target to C$13.00
Raging River Exploration Inc (TSE:RRX) had its target price increased by stock analysts at CIBC from C$12.00 to C$13.00 in a report released on Wednesday. CIBC’s target price indicates a potential upside of 11.59% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Canaccord Genuity upped their price objective on Raging River Exploration from C$12.50 to C$12.75 in a report on Friday, August 12th. BMO Capital Markets upped their price objective on Raging River Exploration from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Friday, August 12th. National Bank Financial decreased their price objective on Raging River Exploration from C$12.50 to C$12.00 in a report on Wednesday, August 3rd. TD Securities reiterated a “buy” rating and issued a C$14.00 price objective on shares of Raging River Exploration in a report on Thursday, July 21st. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$12.00 price objective on shares of Raging River Exploration in a report on Thursday, July 21st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$12.64.
Shares of Raging River Exploration (TSE:RRX) traded up 2.01% on Wednesday, hitting $11.65. The stock had a trading volume of 412,146 shares. Raging River Exploration has a 12-month low of $7.17 and a 12-month high of $11.87. The firm has a market cap of $2.69 billion and a price-to-earnings ratio of 182.03. The stock has a 50 day moving average of $10.80 and a 200 day moving average of $10.48.
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