Rocky Mountain Dealerships Inc. (TSE:RME) Receives C$8.20 Consensus PT from Brokerages
Shares of Rocky Mountain Dealerships Inc. (TSE:RME) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$8.20.
A number of equities research analysts recently issued reports on the stock. CIBC dropped their price target on shares of Rocky Mountain Dealerships from C$10.50 to C$9.00 in a research note on Thursday, August 11th. TD Securities lifted their price target on shares of Rocky Mountain Dealerships from C$7.00 to C$8.00 and gave the company a “hold” rating in a research note on Thursday, August 11th. National Bank Financial lifted their target price on shares of Rocky Mountain Dealerships from C$7.00 to C$8.00 in a research note on Wednesday, August 10th. Finally, Raymond James Financial Inc. lifted their target price on shares of Rocky Mountain Dealerships from C$7.50 to C$9.50 in a research note on Thursday, August 11th.
Rocky Mountain Dealerships (TSE:RME) opened at 9.22 on Friday. The company has a market capitalization of $178.72 million and a PE ratio of 14.08. The stock has a 50 day moving average of $9.09 and a 200-day moving average of $7.48. Rocky Mountain Dealerships has a 12-month low of $5.50 and a 12-month high of $9.59.
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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