Ritchie Bros. Auctioneers Inc (RBA) Given Consensus Rating of “Hold” by Brokerages
Shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) have earned a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$37.90.
Several research firms recently issued reports on RBA. Raymond James Financial, Inc. cut their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a report on Tuesday. National Bank Financial reissued a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. Scotiabank reissued an “outperform” rating and set a C$41.00 price target on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. TD Securities cut their price target on shares of Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating for the company in a report on Monday, July 10th. Finally, CIBC cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$36.00 to C$28.00 in a report on Monday, July 10th.
In other news, insider Sharon Driscoll purchased 1,375 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of C$36.17 per share, with a total value of C$49,733.75.
Shares of Ritchie Bros. Auctioneers (RBA) opened at 34.95 on Thursday. The stock’s 50 day moving average price is $37.14 and its 200-day moving average price is $39.11. The firm has a market capitalization of $3.74 billion and a PE ratio of 76.14. Ritchie Bros. Auctioneers has a 52-week low of $34.03 and a 52-week high of $52.88.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors 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 1.95%.
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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