Rocky Mountain Dealerships (RME) Price Target Cut to C$11.50 by Analysts at TD Securities

Rocky Mountain Dealerships (TSE:RME) had its price target lowered by investment analysts at TD Securities from C$12.00 to C$11.50 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 28.92% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. CIBC reduced their price objective on shares of Rocky Mountain Dealerships from C$11.50 to C$10.50 in a research note on Tuesday, January 15th. Raymond James raised shares of Rocky Mountain Dealerships to a “buy” rating and set a C$12.00 price objective for the company in a research note on Thursday, December 13th. Finally, National Bank Financial dropped their target price on shares of Rocky Mountain Dealerships from C$11.50 to C$10.50 and set a “sector perform” rating for the company in a research report on Thursday.

TSE:RME traded up C$0.12 during mid-day trading on Friday, hitting C$8.92. 17,689 shares of the stock traded hands, compared to its average volume of 26,359. The stock has a market cap of $175.01 million and a P/E ratio of 9.05. Rocky Mountain Dealerships has a 12-month low of C$8.19 and a 12-month high of C$13.00. The company has a current ratio of 1.41, a quick ratio of 0.10 and a debt-to-equity ratio of 192.69.

Rocky Mountain Dealerships (TSE:RME) last issued its quarterly earnings data on Wednesday, March 13th. The company reported C$0.33 EPS for the quarter, meeting the consensus estimate of C$0.33. The firm had revenue of C$295.42 million for the quarter, compared to analysts’ expectations of C$298.20 million. On average, equities analysts forecast that Rocky Mountain Dealerships will post 1.05999990230416 earnings per share for the current fiscal year.

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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