Rocky Mountain Dealerships (RME) Price Target Raised to C$15.00 at National Bank Financial
Rocky Mountain Dealerships (TSE:RME) had its price target raised by National Bank Financial from C$14.00 to C$15.00 in a research note released on Monday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ Q4 2017 earnings at $0.34 EPS.
A number of other brokerages have also recently weighed in on RME. TD Securities lifted their price objective on shares of Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the company a buy rating in a research note on Thursday, November 9th. Raymond James Financial lifted their price objective on shares of Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an outperform rating in a research note on Thursday, November 9th. Finally, CIBC lifted their price objective on shares of Rocky Mountain Dealerships from C$12.00 to C$13.00 in a research note on Thursday, August 10th.
Shares of Rocky Mountain Dealerships (TSE RME) traded up C$0.03 during midday trading on Monday, hitting C$13.60. 216,725 shares of the company were exchanged, compared to its average volume of 25,868. Rocky Mountain Dealerships has a fifty-two week low of C$8.83 and a fifty-two week high of C$13.65.
In other Rocky Mountain Dealerships news, insider Jerald Palmer sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$12.38, for a total value of C$185,700.00. Also, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$13.60, for a total transaction of C$680,000.00. Over the last 90 days, insiders have sold 125,000 shares of company stock worth $1,643,150.
About Rocky Mountain Dealerships
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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