Ritchie Bros. Auctioneers (TSE:RBA)‘s stock had its “sector perform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Thursday, Analyst Ratings News reports. They currently have a C$20.00 price target on the stock. RBC Capital’s price target points to a potential downside of 1.23% from the company’s current price.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) traded up 5.03% on Thursday, hitting $20.25. The stock had a trading volume of 152,695 shares. Ritchie Bros. Auctioneers has a 52-week low of $18.76 and a 52-week high of $23.60. The stock has a 50-day moving average of $19.84 and a 200-day moving average of $20.60. The company has a market cap of $2.163 billion and a price-to-earnings ratio of 27.54.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note to investors on Thursday. Separately, analysts at Credit Suisse cut their price target on shares of Ritchie Bros. Auctioneers from C$20.00 to C$18.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Ritchie Bros. Auctioneers from C$17.00 to C$16.00 in a research note to investors on Tuesday, October 8th. They now have a “reduce” rating on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and an average price target of C$20.17.
Ritchie Bros. Auctioneers Incorporated and its subsidiaries sells industrial equipment and other assets for the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries at its unreserved auctions worldwide.
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