Ritchie Bros. Auctioneers Rating Lowered to Sell at Cantor Fitzgerald (RBA)
Ritchie Bros. Auctioneers (TSE:RBA) was downgraded by investment analysts at Cantor Fitzgerald from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Ritchie Bros. Auctioneers from C$23.00 to C$27.00 in a research note to investors on Thursday, January 9th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Ritchie Bros. Auctioneers from C$17.00 to C$18.00 in a research note to investors on Monday, December 23rd. They now have a “reduce” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Ritchie Bros. Auctioneers in a research note to investors on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and a consensus price target of C$21.28.
Ritchie Bros. Auctioneers (TSE:RBA) traded up 0.04% during mid-day trading on Wednesday, hitting $25.43. The stock had a trading volume of 16,793 shares. Ritchie Bros. Auctioneers has a one year low of $18.76 and a one year high of $25.70. The stock has a 50-day moving average of $23.46 and a 200-day moving average of $21.0. The company has a market cap of $2.717 billion and a price-to-earnings ratio of 32.18.
Ritchie Bros. Auctioneers Incorporated and its subsidiaries sells industrial equipment and other assets for the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries at its unreserved auctions worldwide.
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