Rocky Mountain Dealerships (TSE:RME) had its target price increased by research analysts at TD Securities from C$13.50 to C$16.00 in a report released on Monday, January 8th. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 23.17% from the company’s previous close.
A number of other equities analysts have also recently issued reports on RME. National Bank Financial upped their price target on shares of Rocky Mountain Dealerships from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Raymond James Financial boosted their target price on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the stock 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$14.50.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at C$12.99 on Monday. Rocky Mountain Dealerships has a fifty-two week low of C$9.20 and a fifty-two week high of C$14.34. The firm has a market cap of $252.44, a price-to-earnings ratio of 12.94 and a beta of 0.97.
Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Wednesday, November 8th. The company reported C$0.44 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.33 by C$0.11. Rocky Mountain Dealerships had a net margin of 3.80% and a return on equity of 19.81%.
In other news, Director Garrett Andrew Wyatt Ganden sold 2,600 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of C$13.75, for a total transaction of C$35,750.00. Also, insider James Randall Wood sold 15,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of C$12.83, for a total value of C$192,450.00. Insiders sold a total of 127,600 shares of company stock valued at $1,678,900 over the last 90 days.
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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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