Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$45.00.
RBA has been the topic of several research analyst reports. Scotiabank dropped their price objective on Ritchie Bros. Auctioneers to C$53.50 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Royal Bank Of Canada dropped their target price on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating on the stock in a research report on Monday, May 15th. Barrington Research reissued a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 10th. Finally, Northcoast Research restated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 5th.
Ritchie Bros. Auctioneers (RBA) traded down 0.25% during trading on Friday, reaching $39.23. The company had a trading volume of 128,629 shares. The company has a market capitalization of $4.20 billion and a PE ratio of 57.69. The firm’s 50 day moving average is $42.50 and its 200 day moving average is $43.83. Ritchie Bros. Auctioneers has a one year low of $34.80 and a one year high of $52.88.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Tuesday, June 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.73%. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 19th.
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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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