Rocky Mountain Dealerships Inc. (TSE:RME) – Research analysts at National Bank Financial upped their FY2018 earnings per share estimates for Rocky Mountain Dealerships in a report released on Sunday. National Bank Financial analyst G. Colman now anticipates that the company will earn $1.39 per share for the year, up from their previous forecast of $1.15. National Bank Financial has a “Outperform” rating and a $15.00 price objective on the stock.
A number of other analysts have also issued reports on RME. CIBC increased their target price on Rocky Mountain Dealerships from C$12.00 to C$13.00 in a report on Thursday, August 10th. TD Securities increased their target price on Rocky Mountain Dealerships from C$11.50 to C$13.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Finally, Raymond James Financial increased their target price on Rocky Mountain Dealerships from C$13.00 to C$14.50 and gave the company an “outperform” rating in a report on Thursday, November 9th.
In other news, insider Jerald Palmer sold 15,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$13.60, for a total value of C$204,000.00. Also, Director Garrett Andrew Wyatt Ganden sold 50,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$13.60, for a total transaction of C$680,000.00. Insiders sold 125,000 shares of company stock worth $1,643,150 over the last ninety days.
Rocky Mountain Dealerships Company Profile
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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