Rocky Mountain Dealerships (TSE:RME) was downgraded by investment analysts at CIBC from an “outperform” rating to a “neutral” rating in a report released on Tuesday. They currently have a C$15.00 price target on the stock, up from their prior price target of C$13.50. CIBC’s price target points to a potential upside of 7.68% from the company’s previous close.

A number of other brokerages also recently weighed in on RME. TD Securities raised their target price on shares of Rocky Mountain Dealerships from C$13.50 to C$16.00 and gave the company a “buy” rating in a research note on Monday. National Bank Financial raised their target price 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. Finally, Raymond James Financial raised their target price 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Rocky Mountain Dealerships presently has a consensus rating of “Buy” and a consensus price target of C$14.10.

Rocky Mountain Dealerships (TSE:RME) opened at C$13.93 on Tuesday. Rocky Mountain Dealerships has a one year low of C$9.20 and a one year high of C$14.34. The firm has a market cap of $271.56, a P/E ratio of 13.93 and a beta of 0.97.

In other news, insider Jerald Palmer sold 15,000 shares of the 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. Also, Director Garrett Andrew Wyatt Ganden sold 2,600 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of C$13.75, for a total transaction of C$35,750.00. In the last quarter, insiders have sold 127,600 shares of company stock worth $1,678,900.

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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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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