Rocky Mountain Dealerships (RME) Downgraded to “Neutral” at CIBC
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.
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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.
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