Raging River Exploration Inc (TSE:RRX) has been given an average recommendation of “Buy” by the eleven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$10.67.
RRX has been the subject of several analyst reports. TD Securities raised their target price on shares of Raging River Exploration from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a report on Friday, November 10th. GMP Securities raised their target price on shares of Raging River Exploration from C$10.00 to C$12.00 in a report on Monday, November 13th. Eight Capital raised their target price on shares of Raging River Exploration from C$10.50 to C$13.15 and gave the stock a “buy” rating in a report on Monday, January 15th. Raymond James Financial upgraded shares of Raging River Exploration from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$8.50 to C$9.50 in a report on Friday, November 10th. Finally, Canaccord Genuity lowered their target price on shares of Raging River Exploration from C$9.00 to C$8.00 in a report on Friday, February 23rd.
In other news, insider Bruce Michael Beynon sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of C$8.22, for a total value of C$98,640.00.
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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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