Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$38.33.

Several research analysts have recently commented on RBA shares. National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$28.00 to C$39.00 in a report on Monday, November 20th. Scotiabank reiterated an “outperform” rating and issued a C$42.50 price objective on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th.

Ritchie Bros. Auctioneers (RBA) opened at C$39.52 on Wednesday. The company has a market capitalization of $4,160.00, a PE ratio of 51.32 and a beta of 0.27. Ritchie Bros. Auctioneers has a twelve month low of C$30.63 and a twelve month high of C$46.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.213 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.85 dividend on an annualized basis and a yield of 2.16%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 88.31%.

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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.

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

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