Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) had its price target lowered by analysts at Raymond James Financial, Inc. to C$38.00 in a report released on Tuesday, StockTargetPrices.com reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 9.29% from the company’s previous close.

A number of other analysts have also issued reports on RBA. National Bank Financial reissued a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. CIBC lowered Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$36.00 to C$28.00 in a research note on Monday. Royal Bank Of Canada reduced their price objective on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research note on Monday, May 8th. TD Securities dropped their target price on Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a report on Monday. Finally, Scotiabank dropped their target price on Ritchie Bros. Auctioneers to C$53.50 and set an “outperform” rating on the stock in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$39.50.

Shares of Ritchie Bros. Auctioneers (RBA) traded up 2.01% during midday trading on Tuesday, reaching $35.47. 121,186 shares of the company’s stock traded hands. Ritchie Bros. Auctioneers has a 52 week low of $34.45 and a 52 week high of $52.88. The company has a market capitalization of $3.79 billion and a PE ratio of 52.16. The stock’s 50 day moving average is $41.06 and its 200-day moving average is $42.97.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Tuesday, June 13th were issued a $0.17 dividend. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.68 annualized dividend and a yield of 1.96%.

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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.

Stock Target Prices

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

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