Rocky Mountain Dealerships (RME) Downgraded by CIBC

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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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