Rocky Mtn Dealership (RME) Receives a Buy from Raymond James

By Ryan Adsit

Rocky Mtn Dealership (RMEResearch Report), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Raymond James’ analyst Ben Cherniavsky reiterates their Buy rating on the shares, with a C$12 price target.

According to TipRanks.com, Cherniavsky is ranked #706 out of 4918 analysts.

Rocky Mtn Dealership has an analyst consensus of Moderate Buy, with a price target consensus of C$12.50, representing a 34.1% upside. In a report issued on October 31, TD Securities also reiterated a Buy rating on the stock with a C$13.50 price target.

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Rocky Mtn Dealership’s market cap is currently C$188.3M and has a P/E ratio of 8. The company has a Price to Book ratio of 0.93.

Rocky Mountain Dealerships, Inc. engages 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 Thursday at C$9.32.