National Bank Financial Cuts Rocky Mountain Dealerships (RME) Price Target to C$12.50
Rocky Mountain Dealerships (TSE:RME) had its price target lowered by National Bank Financial from C$13.00 to C$12.50 in a research note issued to investors on Wednesday morning. The firm currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $0.90 EPS and FY2019 earnings at $0.92 EPS.
A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada restated a sector perform rating and set a C$11.00 price target on shares of Rocky Mountain Dealerships in a report on Monday, October 29th. TD Securities cut their price target on shares of Rocky Mountain Dealerships from C$16.00 to C$15.00 and set a buy rating on the stock in a report on Monday, August 13th. Finally, Laurentian set a C$14.00 price target on shares of Rocky Mountain Dealerships in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of C$12.75.
Rocky Mountain Dealerships stock opened at C$9.25 on Wednesday. The company has a debt-to-equity ratio of 199.55, a current ratio of 1.41 and a quick ratio of 0.11. Rocky Mountain Dealerships has a 1-year low of C$9.10 and a 1-year high of C$14.34.
Rocky Mountain Dealerships Company Profile
Rocky Mountain Dealerships Inc, through its subsidiaries, sells, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4WD tractors, skid steer loaders, excavators, wheel loaders, and equipment for maintaining barns and feedlots.
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