Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) had its price objective trimmed by Raymond James Financial, Inc. to C$36.00 in a report published on Tuesday. The brokerage currently has a market perform rating on the stock.
Several other equities analysts have also issued reports on RBA. National Bank Financial reiterated a sector perform under weight rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. Scotiabank reiterated an outperform rating and set a C$41.00 target price on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. TD Securities lowered their target price 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 lowered shares of Ritchie Bros. Auctioneers from an outperform rating to a neutral rating and lowered their target price for the company from C$36.00 to C$28.00 in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$37.90.
Ritchie Bros. Auctioneers (TSE:RBA) opened at 34.82 on Tuesday. The firm has a market capitalization of $3.73 billion and a P/E ratio of 75.86. The company’s 50-day moving average price is $37.16 and its 200-day moving average price is $39.14. Ritchie Bros. Auctioneers has a 1-year low of $34.03 and a 1-year high of $52.88.
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The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders 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 dividend yield of 1.95%.
In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll bought 1,375 shares of the stock in a transaction dated Thursday, September 7th. The stock was purchased at an average cost of C$36.17 per share, for a total transaction of C$49,733.75.
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.
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