Ritchie Bros. Auctioneers Receives “Outperform” Rating from Scotiabank (RBA)

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Ritchie Bros. Auctioneers (TSE:RBA)‘s stock had its “outperform” rating reiterated by Scotiabank in a research note issued on Thursday, American Banking News.com reports.

The company also recently announced a Quarterly dividend, which is scheduled for Friday, March 7th. Stockholders of record on Friday, March 7th will be paid a dividend of 0.13 per share. This represents a dividend yield of 2.05%. The ex-dividend date is Wednesday, February 12th.

Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald downgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, January 15th. Separately, analysts at BMO Capital Markets raised their price target on shares of Ritchie Bros. Auctioneers from C$23.00 to C$27.00 in a research note to investors on Thursday, January 9th. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Ritchie Bros. Auctioneers from C$17.00 to C$18.00 in a research note to investors on Monday, December 23rd. They now have a “reduce” rating on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and an average target price of C$21.00.

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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