Brokerages Set Ritchie Bros. Auctioneers Inc (RBA) PT at $37.90
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) has earned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$37.90.
A number of equities research analysts have weighed in on RBA shares. National Bank Financial reissued a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. CIBC downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$36.00 to C$28.00 in a report on Monday, July 10th. Scotiabank dropped their target price on Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a report on Monday, July 10th. TD Securities dropped their target price on Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a report on Monday, July 10th. Finally, Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a report on Tuesday, July 11th.
In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll bought 1,000 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average cost of C$35.72 per share, for a total transaction of C$35,720.00.
Ritchie Bros. Auctioneers (TSE RBA) traded down 1.46% during mid-day trading on Thursday, hitting $35.20. 71,018 shares of the stock traded hands. Ritchie Bros. Auctioneers has a 1-year low of $34.03 and a 1-year high of $52.88. The firm has a market cap of $3.77 billion and a price-to-earnings ratio of 76.69. The stock has a 50-day moving average of $37.15 and a 200 day moving average of $38.95.
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About Ritchie Bros. Auctioneers
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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