Rocky Mountain Dealerships Given Average Recommendation 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 currently covering the stock, StockRatingsNetwork.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$12.73.
Rocky Mountain Dealerships (TSE:RME) opened at 11.08 on Thursday. Rocky Mountain Dealerships has a 52 week low of $10.37 and a 52 week high of $13.63. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $11.30. The company has a market cap of $214.0 million and a price-to-earnings ratio of 16.35.
Rocky Mountain Dealerships (TSE:RME) last announced its earnings results on Thursday, August 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Analysts expect that Rocky Mountain Dealerships will post $1.12 EPS for the current fiscal year.
A number of analysts have recently weighed in on RME shares. Analysts at RBC Capital downgraded shares of Rocky Mountain Dealerships from an “outperform” rating to a “sector perform” rating in a research note on Thursday, August 7th. They now have a C$12.00 price target on the stock, down previously from C$13.00. 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, July 21st.
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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