Rocky Mountain Dealerships (RME) Sets New 12-Month Low at $8.88
Rocky Mountain Dealerships Inc. (TSE:RME) shares reached a new 52-week low on Tuesday . The company traded as low as C$8.88 and last traded at C$8.90, with a volume of 154311 shares trading hands. The stock had previously closed at C$9.12.
A number of research firms have recently weighed in on RME. National Bank Financial cut Rocky Mountain Dealerships from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$16.00 to C$13.00 in a research report on Thursday, August 9th. Laurentian set a C$14.00 price objective on Rocky Mountain Dealerships in a research report on Thursday, August 9th. Raymond James lowered their price objective on Rocky Mountain Dealerships from C$14.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, November 8th. TD Securities lowered their price objective on Rocky Mountain Dealerships from C$13.50 to C$12.00 and set a “buy” rating on the stock in a research report on Monday, November 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$11.00 price objective on shares of Rocky Mountain Dealerships in a research report on Monday, October 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Rocky Mountain Dealerships has an average rating of “Hold” and an average target price of C$12.25.
The company has a debt-to-equity ratio of 192.69, a quick ratio of 0.10 and a current ratio of 1.41.
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About Rocky Mountain Dealerships (TSE:RME)
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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