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.

TRADEMARK VIOLATION WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/07/ritchie-bros-auctioneers-inc-tserba-given-new-c38-00-price-target-at-raymond-james-financial-inc-updated-updated-updated.html.

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.

Stock Target Prices

Analyst Recommendations for Ritchie Bros. Auctioneers (TSE:RBA)

Receive News & Stock Ratings for Ritchie Bros. Auctioneers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Inc and related stocks with our FREE daily email newsletter.