Royal Bank Of Canada Increases Ritchie Bros. Auctioneers (RBA) Price Target to C$59.00
Ritchie Bros. Auctioneers (TSE:RBA) had its price objective lifted by equities researchers at Royal Bank Of Canada to C$59.00 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 16.81% from the company’s current price.
Separately, TD Securities reaffirmed a “reduce” rating and issued a C$26.00 price target on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, August 10th.
Ritchie Bros. Auctioneers (TSE:RBA) opened at 50.51 on Friday. The company has a market cap of $5.39 billion and a price-to-earnings ratio of 39.55. The stock has a 50 day moving average of $46.72 and a 200-day moving average of $43.24. Ritchie Bros. Auctioneers has a 52-week low of $29.73 and a 52-week high of $50.85.
About Ritchie Bros. Auctioneers
Ritchie Bros. Auctioneers Incorporated is a holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.
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