Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a C$39.00 target price on the stock, up from their previous target price of C$28.00. National Bank Financial’s target price would indicate a potential upside of 20.74% from the stock’s current price.

RBA has been the subject of a number of other reports. Scotiabank reaffirmed an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a research note on Friday, October 20th. TD Securities dropped their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research note on Tuesday, October 10th. Finally, Raymond James Financial, Inc. dropped their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$38.33.

Shares of Ritchie Bros. Auctioneers (RBA) traded up C$0.18 during trading hours on Monday, hitting C$32.30. 150,032 shares of the company’s stock were exchanged, compared to its average volume of 150,756. Ritchie Bros. Auctioneers has a 1-year low of C$30.63 and a 1-year high of C$52.88.

COPYRIGHT VIOLATION WARNING: “Ritchie Bros. Auctioneers Inc (RBA) Upgraded to “Outperform” at National Bank Financial” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/20/ritchie-bros-auctioneers-inc-rba-upgraded-to-outperform-at-national-bank-financial.html.

In related news, insider Sharon Driscoll acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of C$35.72 per share, for a total transaction of C$35,720.00.

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.

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.