Rocky Mountain Dealerships Inc. (TSE:RME) Receives C$7.84 Average Price Target from Brokerages

Shares of Rocky Mountain Dealerships Inc. (TSE:RME) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, AnalystRatings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$7.84.

Several equities analysts have recently issued reports on RME shares. CIBC dropped their price target on shares of Rocky Mountain Dealerships from C$10.00 to C$8.00 in a research note on Tuesday, October 13th. National Bank Financial reaffirmed a “sector perform” rating and set a C$7.35 price target on shares of Rocky Mountain Dealerships in a research note on Wednesday, December 23rd. RBC Capital decreased their price objective on shares of Rocky Mountain Dealerships from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research report on Friday, November 13th. Finally, Raymond James decreased their price objective on shares of Rocky Mountain Dealerships from C$9.00 to C$8.00 and set a “marketperform” rating for the company in a research report on Friday, November 13th.

Shares of Rocky Mountain Dealerships (TSE:RME) opened at 6.16 on Thursday. The firm has a market cap of $119.41 million and a price-to-earnings ratio of 9.19. The firm’s 50-day moving average is $6.39 and its 200-day moving average is $7.26. Rocky Mountain Dealerships has a 12-month low of $5.65 and a 12-month high of $9.74.

Rocky Mountain Dealerships Inc. is a Canada-based company. The Company operates in the Agriculture and Construction segments. The Company has a network of agriculture and construction equipment stores across the Canadian Prairie Provinces. The Company retails CNH industrial N.V equipment, which includes Case IH, New Holland and Case Construction. The Company also sells equipment under other brands, including Bourgault, Dynapac, Seed Hawk, Leeboy and Metso. The Company sells its equipment primarily to grain and oilseed farmers in Western Canada. The Company’s construction equipment sales are focused in Alberta, Canada.

 

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