Rocky Mountain Dealerships (RME) Price Target Raised to C$15.00

Rocky Mountain Dealerships (TSE:RME) had its price objective hoisted by National Bank Financial from C$14.00 to C$15.00 in a research note released on Monday morning. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Rocky Mountain Dealerships’ Q4 2017 earnings at $0.34 EPS and FY2018 earnings at $1.39 EPS.

A number of other equities research analysts have also recently commented on the stock. TD Securities raised their price target on shares of Rocky Mountain Dealerships from C$13.00 to C$13.50 and gave the stock a buy rating in a report on Thursday, November 9th. Raymond James Financial raised their price target on shares of Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the stock an outperform rating in a report on Thursday, November 9th. Finally, CIBC raised their price target on shares of Rocky Mountain Dealerships from C$12.00 to C$13.00 in a report on Thursday, August 10th.

Shares of Rocky Mountain Dealerships (TSE RME) opened at C$13.88 on Monday. Rocky Mountain Dealerships has a twelve month low of C$9.18 and a twelve month high of C$13.97.

In other news, Director Garrett Andrew Wyatt Ganden sold 30,000 shares of Rocky Mountain Dealerships stock in a transaction dated Monday, November 27th. The shares were sold at an average price of C$12.70, for a total transaction of C$381,000.00. Also, insider Jerald Palmer sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$12.38, for a total transaction of C$185,700.00. Insiders have sold 125,000 shares of company stock valued at $1,643,150 over the last quarter.

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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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