Ritchie Bros. Auctioneers Inc (RBA) Given Consensus Recommendation of “Hold” by Analysts
Shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$45.00.
A number of equities analysts have recently issued reports on RBA shares. Raymond James Financial, Inc. dropped their price objective on shares of Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating on the stock in a research note on Monday, May 8th. Barrington Research reiterated a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, May 10th. Northcoast Research reiterated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 5th. Royal Bank of Canada dropped their price objective on shares of Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Finally, Scotiabank downgraded shares of Ritchie Bros. Auctioneers to an “outperform” rating and set a C$44.00 price objective on the stock. in a research note on Monday, March 20th.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) traded up 0.05% during midday trading on Friday, hitting $41.79. The company had a trading volume of 10,339 shares. Ritchie Bros. Auctioneers has a 1-year low of $34.80 and a 1-year high of $52.88. The stock has a 50 day moving average price of $42.76 and a 200 day moving average price of $44.24. The firm has a market capitalization of $4.47 billion and a P/E ratio of 61.46.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, June 13th will be given a dividend of $0.17 per share. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, May 19th. This represents a $0.68 dividend on an annualized basis and a yield of 1.63%.
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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