Rocky Mountain Dealerships (TSE:RME) had its price target boosted by equities researchers at TD Securities from C$13.50 to C$16.00 in a research report issued to clients and investors on Monday, January 8th. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 15.03% from the company’s previous close.
Several other equities research analysts have also recently weighed in on RME. National Bank Financial increased their price target on Rocky Mountain Dealerships from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Raymond James Financial increased their price target on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$14.10.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at C$13.91 on Monday. The firm has a market capitalization of $269.02, a price-to-earnings ratio of 13.91 and a beta of 0.97. Rocky Mountain Dealerships has a 1 year low of C$9.20 and a 1 year high of C$14.34.
In other news, Director Garrett Andrew Wyatt Ganden sold 2,600 shares of the firm’s 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 value of C$35,750.00. Also, insider Jerald Palmer sold 15,000 shares of the firm’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$204,000.00. Insiders sold 127,600 shares of company stock valued at $1,678,900 in the last three months.
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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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