National Bank Financial Cuts Rocky Mountain Dealerships (RME) Price Target to C$12.50

Rocky Mountain Dealerships (TSE:RME) had its price target decreased by National Bank Financial from C$13.00 to C$12.50 in a research note issued to investors on Wednesday. National Bank Financial currently has a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the company. Laurentian set a C$14.00 target price on Rocky Mountain Dealerships in a research note on Thursday, August 9th. TD Securities lowered their target price on Rocky Mountain Dealerships from C$16.00 to C$15.00 and set a buy rating for the company in a research note on Monday, August 13th. Finally, Royal Bank of Canada restated a sector perform rating and issued a C$11.00 target price on shares of Rocky Mountain Dealerships in a research note on Monday, October 29th. 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.

Shares of RME traded down C$0.12 on Wednesday, reaching C$9.35. The stock had a trading volume of 12,810 shares, compared to its average volume of 37,080. Rocky Mountain Dealerships has a 12-month low of C$9.10 and a 12-month high of C$14.34.

Rocky Mountain Dealerships (TSE:RME) last released its earnings results on Wednesday, November 7th. The company reported C$0.29 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.39 by C($0.10). The firm had revenue of C$233.37 million during the quarter, compared to the consensus estimate of C$268.10 million.

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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Analyst Recommendations for Rocky Mountain Dealerships (TSE:RME)

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