Rocky Mountain Dealerships (RME) Hits New 52-Week High at $14.34
Rocky Mountain Dealerships Inc. (TSE:RME)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$14.34 and last traded at C$13.94, with a volume of 35016 shares traded. The stock had previously closed at C$13.78.
RME has been the topic of a number of recent research reports. National Bank Financial increased their price objective on shares of Rocky Mountain Dealerships from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Raymond James Financial increased their price objective on shares of Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, TD Securities increased their price objective on shares of Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Thursday, November 9th.
In other Rocky Mountain Dealerships news, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$13.60, for a total value of C$680,000.00. Also, insider Jerald Palmer sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of C$12.38, for a total transaction of C$185,700.00. Over the last quarter, insiders have sold 127,600 shares of company stock worth $1,678,900.
Rocky Mountain Dealerships Company Profile
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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