Rocky Mountain Dealerships Inc. (TSE:RME) had its price objective lowered by analysts at National Bank Financial from C$13.50 to C$9.25 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential downside of 7.59% from the company’s previous close.

Separately, TD Securities upgraded Rocky Mountain Dealerships from a “hold” rating to a “buy” rating and increased their target price for the company from C$10.00 to C$11.50 in a research note on Wednesday, May 10th.

Shares of Rocky Mountain Dealerships (TSE:RME) traded up 0.50% during trading on Thursday, hitting $10.06. The company’s stock had a trading volume of 9,005 shares. The firm’s 50 day moving average is $9.99 and its 200-day moving average is $10.15. The company has a market capitalization of $195.00 million and a P/E ratio of 11.58. Rocky Mountain Dealerships has a 1-year low of $7.03 and a 1-year high of $11.25.

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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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