Ritchie Bros. Auctioneers Inc (RBA) Set to Announce Earnings on Thursday
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) will release its earnings data after the market closes on Thursday, November 9th. Analysts expect Ritchie Bros. Auctioneers to post earnings of C$0.18 per share for the quarter.
Ritchie Bros. Auctioneers Inc (TSE:RBA) opened at C$36.64 on Tuesday. Ritchie Bros. Auctioneers Inc has a 1-year low of C$34.03 and a 1-year high of C$52.88.
In other news, insider Sharon Driscoll purchased 1,375 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were acquired at an average price of C$36.17 per share, with a total value of C$49,733.75.
Several brokerages have recently issued reports on RBA. Scotiabank reiterated an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. TD Securities decreased their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a report on Tuesday, October 10th. Raymond James Financial, Inc. decreased their price objective on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a report on Tuesday, October 10th. Finally, CIBC downgraded Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$36.00 to C$28.00 in a 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 issued a buy rating to the company’s stock. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and an average target price of C$38.20.
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.
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.