Rocky Mountain Dealerships Inc. (RME) Stock Rating Reaffirmed by Royal Bank Of Canada
Rocky Mountain Dealerships Inc. (TSE:RME)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday. They currently have a C$9.50 target price on the stock, up from their previous target price of C$8.50. Royal Bank Of Canada’s target price suggests a potential upside of 2.15% from the stock’s current price.
Several other research analysts have also weighed in on RME. National Bank Financial increased their price objective on Rocky Mountain Dealerships from C$7.00 to C$8.00 in a research report on Wednesday, August 10th. CIBC lowered their price objective on Rocky Mountain Dealerships from C$10.50 to C$9.00 in a research report on Thursday, August 11th. Raymond James Financial Inc. upped their price target on Rocky Mountain Dealerships from C$7.50 to C$9.50 in a research note on Thursday, August 11th. Finally, TD Securities upped their price target on Rocky Mountain Dealerships from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research note on Thursday, August 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Rocky Mountain Dealerships has an average rating of “Hold” and an average price target of C$9.60.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at 9.30 on Thursday. The firm has a market cap of $180.27 million and a P/E ratio of 14.20. Rocky Mountain Dealerships has a 12 month low of $5.50 and a 12 month high of $9.59. The stock’s 50 day moving average is $9.12 and its 200 day moving average is $7.99.
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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