Ritchie Bros. Auctioneers Inc (RBA) Given Consensus Rating of “Hold” by Analysts
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.
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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.
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