Ritchie Bros. Auctioneers Inc (RBA) Given Consensus Rating of “Hold” by Analysts

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.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last released its quarterly earnings results on Thursday, November 9th. The company reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.07). Ritchie Bros. Auctioneers had a return on equity of 5.77% and a net margin of 7.32%.

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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)

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