Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) shares were up 4% during trading on Monday . The stock traded as high as C$34.00 and last traded at C$32.82. Approximately 482,375 shares were traded during mid-day trading, an increase of 214% from the average daily volume of 153,802 shares. The stock had previously closed at C$34.18.

Several analysts have issued reports on RBA shares. Scotiabank reaffirmed an “outperform” rating and issued a C$41.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Raymond James Financial lowered their price objective on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. TD Securities lowered their price objective on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research report on Tuesday, October 10th. Finally, National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$28.00 to C$39.00 in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$38.33.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.219 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 86.08%.

In related news, insider Sharon Driscoll purchased 1,375 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of C$36.17 per share, with a total value of C$49,733.75.

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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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