Rocky Mountain Dealerships Given Average Rating of “Hold” by Brokerages (TSE:RME)
Shares of Rocky Mountain Dealerships (TSE:RME) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, AnalystRatings.NET reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$12.86.
A number of research firms have recently commented on RME. Analysts at Raymond James raised their price target on shares of Rocky Mountain Dealerships from C$10.50 to C$12.50 in a research note on Monday. Separately, 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. Finally, 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.
Rocky Mountain Dealerships (TSE:RME) traded up 1.19% during mid-day trading on Monday, hitting $11.08. 4,409 shares of the company’s stock traded hands. Rocky Mountain Dealerships has a 52 week low of $10.37 and a 52 week high of $14.29. The stock has a 50-day moving average of $11.0 and a 200-day moving average of $11.72. The company has a market cap of $214.0 million and a price-to-earnings ratio of 16.10.
Rocky Mountain Dealerships (TSE:RME) last posted its quarterly 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. Analysts expect that Rocky Mountain Dealerships will post $1.08 EPS for the current fiscal year.
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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