Rocky Mountain Dealerships Given Consensus Rating of “Hold” by Brokerages (TSE:RME)
Rocky Mountain Dealerships (TSE:RME) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, Stock Ratings Network reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$12.86.
Shares of Rocky Mountain Dealerships (TSE:RME) opened at 10.93 on Tuesday. Rocky Mountain Dealerships has a 52-week low of $10.37 and a 52-week high of $14.88. The stock has a 50-day moving average of $10.90 and a 200-day moving average of $12.07. The company has a market cap of $211.1 million and a P/E ratio of 13.44.
Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.11 by $0.08. On average, analysts predict that Rocky Mountain Dealerships will post $1.07 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Laurentian cut their price target on shares of Rocky Mountain Dealerships from C$12.25 to C$10.75 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. Separately, analysts at TD Securities cut their price target on shares of Rocky Mountain Dealerships from C$13.00 to C$11.00 in a research note on Thursday, May 8th. They now have a “hold” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Rocky Mountain Dealerships from C$15.50 to C$13.50 in a research note on Monday, March 24th.
Rocky Mountain Dealerships Inc (TSE:RME) is an equipment dealer with a network of 36 full-service agriculture and/or construction equipment stores across the Canadian Prairie Provinces.
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