CIBC cut shares of Rocky Mountain Dealerships (TSE:RME) from an outperform rating to a neutral rating in a research note published on Tuesday, January 9th. The brokerage currently has C$15.00 target price on the stock, up from their prior target price of C$13.50.
A number of other analysts also recently issued reports on RME. TD Securities raised their target price on Rocky Mountain Dealerships from C$13.50 to C$16.00 and gave the stock a buy rating in a research report on Monday, January 8th. National Bank Financial raised their target price on Rocky Mountain Dealerships from C$14.00 to C$15.00 and gave the stock an outperform rating in a research report on Monday, December 4th. Finally, Raymond James Financial raised their price target on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the stock an outperform rating in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rocky Mountain Dealerships currently has a consensus rating of Buy and an average target price of C$14.10.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at C$13.88 on Tuesday. The company has a market capitalization of $270.78, a P/E ratio of 13.88 and a beta of 0.97. Rocky Mountain Dealerships has a 52 week low of C$9.20 and a 52 week high of C$14.34.
In other Rocky Mountain Dealerships news, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of Rocky Mountain Dealerships stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$13.60, for a total transaction of C$680,000.00. Also, insider Jerald Palmer sold 15,000 shares of Rocky Mountain Dealerships stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$12.38, for a total value of C$185,700.00. Insiders have sold 127,600 shares of company stock valued at $1,678,900 in the last three months.
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Rocky Mountain Dealerships Company Profile
Rocky Mountain Dealerships Inc is an agriculture equipment dealer with a network of full-service agriculture and industrial equipment stores across the Canadian Prairie Provinces. The Company operates in two segments: agriculture segment and industrial segment. The agriculture segment primarily includes sales of agricultural equipment, parts and services, and the industrial segment includes sales of industrial equipment, parts and services.
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