Rocky Mountain Dealerships Inc. (RME) Price Target Raised to C$13.00 at CIBC

Rocky Mountain Dealerships Inc. (TSE:RME) had its price objective raised by analysts at CIBC from C$12.00 to C$13.00 in a research report issued to clients and investors on Thursday. CIBC’s price target would indicate a potential upside of 13.84% from the company’s previous close.

Several other equities research analysts also recently commented on RME. National Bank Financial upgraded Rocky Mountain Dealerships from a “sector perform overweight” rating to an “outperform overweight” rating and lifted their price objective for the stock from C$9.25 to C$13.50 in a report on Wednesday, July 26th. TD Securities upgraded Rocky Mountain Dealerships from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$10.00 to C$11.50 in a report on Wednesday, May 10th.

Rocky Mountain Dealerships (TSE:RME) traded up 0.26% during midday trading on Thursday, reaching $11.45. 36,655 shares of the company’s stock traded hands. Rocky Mountain Dealerships has a one year low of $7.90 and a one year high of $11.87. The stock has a market cap of $221.95 million and a PE ratio of 13.18. The stock’s 50 day moving average price is $10.08 and its 200-day moving average price is $10.15.

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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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