CIBC Trims Raging River Exploration (RRX) Target Price to C$7.50

Raging River Exploration (TSE:RRX) had its target price cut by CIBC from C$10.00 to C$7.50 in a research note released on Tuesday.

RRX has been the topic of a number of other research reports. Scotiabank lowered their price objective on Raging River Exploration from C$11.50 to C$10.50 and set an outperform rating on the stock in a report on Tuesday, March 6th. Canaccord Genuity lowered their price objective on Raging River Exploration from C$9.00 to C$8.00 in a report on Friday, February 23rd. BMO Capital Markets lowered Raging River Exploration from an outperform rating to a market perform rating and lowered their price objective for the company from C$10.00 to C$7.00 in a report on Tuesday, March 6th. GMP Securities lifted their price objective on Raging River Exploration from C$10.00 to C$12.00 in a report on Monday, November 13th. Finally, National Bank Financial lifted their price objective on Raging River Exploration from C$10.00 to C$11.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of C$9.72.

Raging River Exploration (RRX) opened at C$5.91 on Tuesday. The stock has a market capitalization of $1,370.00, a PE ratio of 22.73 and a beta of 0.53. Raging River Exploration has a 52-week low of C$5.51 and a 52-week high of C$10.40.

In other news, insider Bruce Michael Beynon sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of C$8.22, for a total transaction of C$98,640.00.

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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.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

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