CIBC lowered shares of Rocky Mountain Dealerships (TSE:RME) from an outperform rating to a neutral rating in a report issued on Tuesday. They currently have C$15.00 target price on the stock, up from their prior target price of C$13.50.
Other equities analysts have also issued reports about the company. TD Securities upped their target price on Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the company a buy rating in a research report on Thursday, November 9th. National Bank Financial upped their target price on Rocky Mountain Dealerships from C$14.00 to C$15.00 and gave the company an outperform rating in a research report on Monday, December 4th. Finally, Raymond James Financial upped their target price on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an outperform rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Rocky Mountain Dealerships presently has an average rating of Buy and an average price target of C$14.10.
Rocky Mountain Dealerships (TSE RME) opened at C$13.75 on Tuesday. Rocky Mountain Dealerships has a 52-week low of C$9.20 and a 52-week high of C$14.34. The company has a market capitalization of $271.56, a P/E ratio of 13.75 and a beta of 0.97.
In related news, insider Jerald Palmer sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of C$12.38, for a total transaction of C$185,700.00. Also, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$13.60, for a total value of C$680,000.00. Over the last ninety days, insiders sold 127,600 shares of company stock worth $1,678,900.
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About Rocky Mountain Dealerships
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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