Rocky Mountain Dealerships (RME) Cut to “Neutral” at CIBC

CIBC lowered shares of Rocky Mountain Dealerships (TSE:RME) from an outperform rating to a neutral rating in a report released on Tuesday morning. CIBC currently has C$15.00 target price on the stock, up from their previous target price of C$13.50.

Several other equities research analysts have also commented on the stock. 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. National Bank Financial increased their price objective on shares of Rocky Mountain Dealerships from C$13.50 to C$14.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$14.10.

Shares of Rocky Mountain Dealerships (TSE RME) opened at C$13.91 on Tuesday. The company has a market cap of $269.02, a PE ratio of 13.91 and a beta of 0.97. Rocky Mountain Dealerships has a one year low of C$9.20 and a one year high of C$14.34.

In other news, insider James Randall Wood sold 15,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of C$12.83, for a total transaction of C$192,450.00. 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. Insiders have sold a total of 127,600 shares of company stock valued at $1,678,900 over the last three months.

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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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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