Rocky Mountain Dealerships (RME) PT Raised to C$16.00

Rocky Mountain Dealerships (TSE:RME) had its price objective upped by research analysts at TD Securities from C$13.50 to C$16.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 14.20% from the stock’s previous close.

RME has been the topic of several other reports. National Bank Financial boosted their price target on Rocky Mountain Dealerships from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Raymond James Financial boosted their price target on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research report on Thursday, November 9th.

Rocky Mountain Dealerships (TSE RME) traded up C$0.01 during trading on Monday, reaching C$14.01. The company had a trading volume of 30,241 shares, compared to its average volume of 33,915. The firm has a market cap of $272.53, a price-to-earnings ratio of 14.01 and a beta of 0.97. Rocky Mountain Dealerships has a 12-month low of C$9.20 and a 12-month high of C$14.34.

In other Rocky Mountain Dealerships news, insider Jerald Palmer sold 15,000 shares of Rocky Mountain Dealerships stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of C$12.38, for a total transaction of C$185,700.00. Also, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of Rocky Mountain Dealerships stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$13.60, for a total value of C$680,000.00. Insiders have sold a total of 127,600 shares of company stock worth $1,678,900 over the last 90 days.

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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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