Rocky Mountain Dealerships Inc. (RME) Downgraded by Raymond James Financial Inc.
Raymond James Financial Inc. downgraded shares of Rocky Mountain Dealerships Inc. (TSE:RME) from an outperform rating to a market perform rating in a report released on Thursday. Raymond James Financial Inc. currently has C$12.00 price objective on the stock, up from their prior price objective of C$9.50.
RME has been the subject of a number of other reports. National Bank Financial boosted their target price on Rocky Mountain Dealerships from C$7.00 to C$8.00 in a research note on Wednesday, August 10th. CIBC decreased their target price on Rocky Mountain Dealerships from C$10.50 to C$9.00 in a research note on Thursday, August 11th. TD Securities boosted their target price on 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. Finally, Royal Bank Of Canada reissued a sector perform rating and issued a C$9.50 target price (up from C$8.50) on shares of Rocky Mountain Dealerships in a research note on Thursday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$9.60.
Rocky Mountain Dealerships (TSE:RME) opened at 9.36 on Thursday. Rocky Mountain Dealerships has a 52 week low of $5.50 and a 52 week high of $9.59. The company has a 50 day moving average price of $9.12 and a 200-day moving average price of $8.03. The company has a market capitalization of $181.43 million and a P/E ratio of 14.29.
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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