Ritchie Bros. Auctioneers (TSE:RBA)‘s stock had its “outperform” rating reiterated by equities researchers at BMO Capital Markets in a research report issued on Thursday, StockRatingsNetwork reports.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) traded up 4.62% on Thursday, hitting $20.17. 123,649 shares of the company’s stock traded hands. Ritchie Bros. Auctioneers has a one year low of $18.76 and a one year 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 $2.155 billion and a P/E ratio of 27.54.
A number of other firms have also recently commented on RBA. 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. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Ritchie Bros. Auctioneers in a research note to investors on Tuesday, October 8th. They now have a C$20.00 price target 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 issued a hold rating and one has issued a buy rating to the stock. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and an average target price 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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