Shares of Rocky Mtn Dealership (RME) were revisited by a Wall Street analyst yesterday. RBC Capital’s analyst Derek Spronck reiterates their Hold rating on the shares, with a C$10 price target.
According to TipRanks.com, Spronck is a 4-star analyst with an average return of 10.1% and a 64.6% success rate. Spronck covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Republic Services.
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Rocky Mtn Dealership has an analyst consensus of Moderate Buy, with a price target consensus of C$10.67.
Rocky Mtn Dealership’s market cap is currently C$172.3M and has a P/E ratio of 10.2. The company has a Price to Book ratio of 0.85.
Rocky Mountain Dealerships, Inc. is engaged in the distribution of agriculture and construction equipment. It also provides equipment inspections, field services, general repair, maintenance packages, post season inspections, and preventative maintenance. The company was founded on September 17, 2007 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$8.84, close to its 52-week low of C$8.19.
