Rocky Mountain Dealerships (RME) Hits New 1-Year High Following Analyst Upgrade

Rocky Mountain Dealerships Inc. (TSE:RME)’s share price reached a new 52-week high during trading on Monday after National Bank Financial raised their price target on the stock from C$14.00 to C$15.00. National Bank Financial currently has an outperform rating on the stock. Rocky Mountain Dealerships traded as high as C$13.65 and last traded at C$13.57, with a volume of 77115 shares changing hands. The stock had previously closed at C$13.35.

Several other equities research analysts also recently commented on RME. CIBC lifted their target price on shares of Rocky Mountain Dealerships from C$12.00 to C$13.00 in a research report on Thursday, August 10th. TD Securities lifted their target price on shares of Rocky Mountain Dealerships from C$11.50 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Raymond James Financial lifted their target price on shares of Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Thursday, November 9th.

In other news, Director Garrett Andrew Wyatt Ganden sold 30,000 shares of Rocky Mountain Dealerships stock in a transaction on Monday, November 27th. The shares were sold at an average price of C$12.70, for a total value of C$381,000.00. Also, insider Jerald Palmer sold 15,000 shares of Rocky Mountain Dealerships stock in a transaction 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. Insiders sold a total of 60,000 shares of company stock worth $759,150 in the last 90 days.

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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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