Rocky Mountain Dealerships Inc. (RME) Price Target Cut to C$9.25
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.
TRADEMARK VIOLATION NOTICE: This article was first reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/07/27/rocky-mountain-dealerships-inc-rme-price-target-cut-to-c9-25.html.
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.
Receive News & Ratings for Rocky Mountain Dealerships Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Mountain Dealerships Inc. and related companies with MarketBeat.com's FREE daily email newsletter.