Raymond James Financial, Inc. Trims Ritchie Bros. Auctioneers Inc (TSE:RBA) Target Price to C$38.00
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) had its price target lowered by research analysts at Raymond James Financial, Inc. to C$38.00 in a note issued to investors on Tuesday, July 11th, StockTargetPrices.com reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s target price indicates a potential upside of 9.29% from the stock’s current price.
Other analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a research report on Monday, July 10th. Royal Bank Of Canada decreased their target price on shares of Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Northcoast Research reiterated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research report on Friday, May 5th. Barrington Research reiterated a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 10th. Finally, TD Securities decreased their target price on shares of Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus price target of C$39.50.
Ritchie Bros. Auctioneers (TSE RBA) traded up 0.70% during midday trading on Tuesday, reaching $34.77. 96,682 shares of the company traded hands. The firm has a market capitalization of $3.72 billion and a price-to-earnings ratio of 51.13. The firm’s 50 day moving average price is $36.98 and its 200 day moving average price is $41.13. Ritchie Bros. Auctioneers has a 12 month low of $34.14 and a 12 month high of $52.88.
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Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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