Stock Analysis:Raging River Exploration Inc (TSE:RRX) Stock Target Upgraded
In a comprehensive report published by RBC Capital Markets on 14 December, Raging River Exploration Inc (TSE:RRX) had its target PPS increased to $12.00. The firm right now has a solid “Outperform” rating on shares.
From a total of 15 analysts covering Raging River Exploration (TSE:RRX) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $8.72 while the lowest target price is $6.91. The mean of all analyst targets is $7.74 with a 23.23% above today’s ($8.35) stock price. Raging River Exploration was the topic of 4 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Paradigm Research maintained shares on August 12 with “Buy” rating.
Approximately 293,437 shares of stock traded hands. Raging River Exploration Inc (TSE:RRX) has declined 8.51% since May 11, 2015 and is downtrending. It has underperformed by 4.09% the S&P500.
Raging River Exploration Inc. is a Canada natural gas and crude oil exploration, development and production company. The company has a market cap of $1.68 billion. The Company’s activities are focused in the Dodsland area of southwest Saskatchewan. It has 33.94 P/E ratio.