Ritchie Bros. Auctioneers Inc (RBA) Price Target Cut to C$36.00 by Analysts at Raymond James Financial, Inc.

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.

TRADEMARK VIOLATION WARNING: “Ritchie Bros. Auctioneers Inc (RBA) Price Target Cut to C$36.00 by Analysts at Raymond James Financial, Inc.” was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2017/10/11/ritchie-bros-auctioneers-inc-rba-price-target-cut-to-c36-00-by-analysts-at-raymond-james-financial-inc.html.

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.

Analyst Recommendations for Ritchie Bros. Auctioneers (TSE:RBA)

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