CIBC downgraded shares of Rocky Mountain Dealerships (TSE:RME) from an outperform rating to a neutral rating in a research note released on Tuesday, January 9th. CIBC currently has C$15.00 price target on the stock, up from their prior price target of C$13.50.
Other equities research analysts have also issued reports about the stock. National Bank Financial lifted their target price on shares of 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. Raymond James Financial lifted their target price on shares of 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. Finally, TD Securities boosted their price objective on shares of Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the stock a buy rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Rocky Mountain Dealerships currently has a consensus rating of Buy and a consensus target price of C$14.10.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at C$13.66 on Tuesday. Rocky Mountain Dealerships has a 1-year low of C$9.20 and a 1-year high of C$14.34. The stock has a market cap of $265.71, a PE ratio of 13.66 and a beta of 0.97.
In other news, insider Jerald Palmer sold 15,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$13.60, for a total value of C$204,000.00. Also, Director Garrett Andrew Wyatt Ganden sold 30,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of C$12.70, for a total transaction of C$381,000.00. Over the last three months, insiders have 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.
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