Raging River Exploration Inc (TSE:RRX)‘s stock had its “sector perform” rating reiterated by research analysts at Scotiabank in a research note issued to investors on Tuesday. They currently have a C$12.00 target price on the stock. Scotiabank’s target price suggests a potential upside of 12.89% from the company’s current price.

RRX has been the topic of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating and set a C$13.00 price objective on shares of Raging River Exploration in a report on Wednesday, November 9th. Raymond James Financial Inc. reissued a “market perform” rating and set a C$12.00 price objective on shares of Raging River Exploration in a report on Tuesday. TD Securities reissued a “buy” rating and set a C$14.00 price objective on shares of Raging River Exploration in a report on Wednesday, November 9th. CIBC increased their price objective on Raging River Exploration from C$12.00 to C$13.00 in a report on Wednesday, October 19th. Finally, BMO Capital Markets increased 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Raging River Exploration has a consensus rating of “Buy” and an average target price of C$12.58.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

Shares of Raging River Exploration (TSE:RRX) opened at 10.63 on Tuesday. Raging River Exploration has a one year low of $7.17 and a one year high of $11.87. The stock has a 50 day moving average price of $10.75 and a 200-day moving average price of $10.68. The company has a market capitalization of $2.46 billion and a P/E ratio of 247.21.

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