TD Securities Boosts Rocky Mountain Dealerships (TSE:RME) Price Target to C$16.00

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.

Rocky Mountain Dealerships (TSE:RME) last posted its earnings results on Wednesday, November 8th. The company reported C$0.44 EPS for the quarter, beating the consensus estimate of C$0.33 by C$0.11. Rocky Mountain Dealerships had a return on equity of 19.81% and a net margin of 3.80%.

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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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