Rocky Mountain Dealerships (RME) Price Target Raised to C$16.00 at TD Securities

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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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