Shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$38.33.
A number of equities research analysts recently weighed in on RBA shares. National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$28.00 to C$39.00 in a report on Monday, November 20th. Scotiabank restated an “outperform” rating and issued a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. TD Securities lowered their price target on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a report on Tuesday, October 10th. Finally, Raymond James Financial lowered their price target on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a report on Tuesday, October 10th.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at C$39.26 on Friday. The firm has a market capitalization of $4,220.00, a P/E ratio of 51.66 and a beta of 0.26. Ritchie Bros. Auctioneers has a fifty-two week low of C$30.63 and a fifty-two week high of C$46.32.
TRADEMARK VIOLATION NOTICE: “Ritchie Bros. Auctioneers Inc (RBA) Given Consensus Rating of “Hold” by Analysts” was published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/20/ritchie-bros-auctioneers-inc-rba-given-consensus-rating-of-hold-by-analysts.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.
Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.