Raymond James Financial, Inc. Increases Raging River Exploration Inc (RRX) Price Target to C$11.50

Raging River Exploration Inc (TSE:RRX) had its target price hoisted by Raymond James Financial, Inc. from C$11.00 to C$11.50 in a report released on Wednesday. The firm currently has a market perform rating on the stock.

Other equities analysts have also issued research reports about the stock. Scotiabank restated a sector perform rating and set a C$12.00 target price on shares of Raging River Exploration in a report on Thursday, December 15th. TD Securities restated a buy rating and set a C$14.00 target price on shares of Raging River Exploration in a report on Thursday, December 15th. Desjardins lifted their target price on shares of Raging River Exploration from C$13.00 to C$14.00 in a report on Wednesday, December 21st. CIBC lifted their target price on shares of Raging River Exploration from C$12.00 to C$13.00 in a report on Wednesday, October 19th. Finally, Royal Bank Of Canada restated an outperform rating and set a C$13.00 target price on shares of Raging River Exploration in a report on Wednesday, November 9th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$12.75.

Analyst Recommendations for Raging River Exploration (TSE:RRX)

Raging River Exploration (TSE:RRX) opened at 9.25 on Wednesday. The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $10.47. The firm has a market capitalization of $2.14 billion and a PE ratio of 215.12. Raging River Exploration has a 12-month low of $8.63 and a 12-month high of $11.87.

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In other news, Director Neil Jack Roszell acquired 100,000 shares of the business’s stock in a transaction on Monday, January 23rd. The shares were purchased at an average price of C$9.00 per share, for a total transaction of C$900,000.00. Also, Director Kevin Olson acquired 10,000 shares of the business’s stock in a transaction on Monday, January 30th. The stock was purchased at an average price of C$9.29 per share, for a total transaction of C$92,900.00.

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