Shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$39.50.

Several analysts recently issued reports on the company. Scotiabank reiterated an “outperform” rating and set a C$41.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. Raymond James Financial, Inc. cut their price objective on Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating for the company in a report on Tuesday, July 11th. TD Securities cut their target price on Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a report on Monday, July 10th. Finally, CIBC lowered Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$36.00 to C$28.00 in a report on Monday, July 10th.

Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at 37.09 on Friday. Ritchie Bros. Auctioneers has a 12 month low of $34.03 and a 12 month high of $52.88. The stock has a market cap of $3.97 billion and a P/E ratio of 80.28. The stock has a 50 day moving average price of $35.95 and a 200 day moving average price of $39.74.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.68 annualized dividend and a yield of 1.83%.

In related news, insider Sharon Driscoll bought 1,375 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were bought at an average cost of C$36.17 per share, for a total transaction of C$49,733.75.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/17/ritchie-bros-auctioneers-inc-rba-receives-average-recommendation-of-hold-from-brokerages.html.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.