Ritchie Bros. Auctioneers Price Target Increased to $23.00 by Analysts at RBC Capital (RBA)
Ritchie Bros. Auctioneers (NYSE: RBA) had its target price boosted by RBC Capital from $22.00 to $23.00 in a research note issued to investors on Wednesday. The firm currently has a sector perform rating on the stock.
RBA has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Ritchie Bros. Auctioneers from a hold rating to a buy rating in a research note to investors on Thursday, February 21st. Separately, analysts at Bank of America downgraded shares of Ritchie Bros. Auctioneers from a buy rating to a neutral rating in a research note to investors on Tuesday, February 12th. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, analysts at BMO Capital Markets downgraded shares of Ritchie Bros. Auctioneers from a market perform rating to an underperform rating in a research note to investors on Tuesday, February 5th. They now have a $21.00 price target on the stock, up previously from $1.04. They noted that the move was a valuation call.
Two research analysts have rated the stock with a buy rating, two have assigned an overweight rating, ten have given a hold rating, and two have issued a sell rating to the company’s stock. The company has a consensus rating of hold and an average price target of $23.27.
Ritchie Bros. Auctioneers traded down 0.13% on Wednesday, hitting $22.75. Ritchie Bros. Auctioneers has a 1-year low of $17.81 and a 1-year high of $24.58. The stock’s 50-day moving average is currently $21.77. The company has a market cap of $2.423 billion and a price-to-earnings ratio of 30.78.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 8th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.12 per share. This represents a $0.49 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, February 13th.
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