CIBC cut shares of Rocky Mountain Dealerships (TSE:RME) from an outperform rating to a neutral rating in a research note released on Tuesday. They currently have C$15.00 target price on the stock, up from their previous target price of C$13.50.

RME has been the subject of a number of other research reports. TD Securities boosted their price target on Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the company a buy rating in a report on Thursday, November 9th. National Bank Financial boosted their price target on Rocky Mountain Dealerships from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Monday, December 4th. Finally, Raymond James Financial boosted their price target on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an outperform rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Rocky Mountain Dealerships has an average rating of Buy and a consensus target price of C$14.10.

Shares of Rocky Mountain Dealerships (TSE RME) traded up C$0.01 during midday trading on Tuesday, hitting C$13.93. The company had a trading volume of 67,447 shares, compared to its average volume of 42,241. The stock has a market capitalization of $271.56, a price-to-earnings ratio of 13.93 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 James Randall Wood sold 15,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$12.83, for a total transaction of C$192,450.00. Also, Director Garrett Andrew Wyatt Ganden sold 2,600 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of C$13.75, for a total value of C$35,750.00. In the last 90 days, insiders have sold 127,600 shares of company stock valued at $1,678,900.

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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.

Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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