TD Securities Reiterates Reduce Rating for Ritchie Bros. Auctioneers (RBA)
Ritchie Bros. Auctioneers (TSE:RBA)‘s stock had its “reduce” rating restated by stock analysts at TD Securities in a research note issued on Friday. They presently have a C$33.00 price objective on the stock. TD Securities’ price objective would indicate a potential downside of 34.67% from the stock’s current price.
Separately, Royal Bank Of Canada upped their target price on Ritchie Bros. Auctioneers to C$59.00 and gave the stock an “outperform” rating in a report on Friday.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at 50.51 on Friday. The company has a market capitalization of $5.39 billion and a price-to-earnings ratio of 39.55. The company’s 50-day moving average price is $46.72 and its 200-day moving average price is $43.24. Ritchie Bros. Auctioneers has a one year low of $29.73 and a one year 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.
Receive News & Stock Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related stocks with our FREE daily email newsletter.