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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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.

Receive News & Stock Ratings for Rocky Mountain Dealerships Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Dealerships Inc. and related stocks with our FREE daily email newsletter.