Ritchie Bros. Auctioneers Inc (RBA) Receives C$45.00 Consensus Target Price from Analysts

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.

ILLEGAL ACTIVITY NOTICE: “Ritchie Bros. Auctioneers Inc (RBA) Receives C$45.00 Consensus Target Price from Analysts” was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://transcriptdaily.com/2017/06/19/ritchie-bros-auctioneers-inc-rba-receives-c45-00-average-target-price-from-brokerages-updated.html.

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.

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.

Leave a Reply