Ritchie Bros. Auctioneers Inc (RBA) Earns Outperform Rating from Scotiabank

Scotiabank restated their outperform rating on shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) in a research report report published on Tuesday, September 12th, StockTargetPrices.com reports. They currently have a C$41.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Raymond James Financial, Inc. cut their price target on Ritchie Bros. Auctioneers to C$38.00 and set a market perform rating on the stock in a report on Tuesday, July 11th. Royal Bank Of Canada cut their price target on Ritchie Bros. Auctioneers to C$55.50 and set an outperform rating on the stock in a report on Monday, May 15th. TD Securities cut their price target on Ritchie Bros. Auctioneers to C$35.00 and set a reduce rating on the stock in a report on Monday, July 10th. National Bank Financial reiterated a sector perform under weight rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. Finally, CIBC downgraded Ritchie Bros. Auctioneers from an outperform rating to a neutral rating and cut their price target for the company from C$36.00 to C$28.00 in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Ritchie Bros. Auctioneers has an average rating of Hold and an average price target of C$39.50.

Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at 38.87 on Tuesday. The company has a market capitalization of $4.16 billion and a P/E ratio of 84.13. The firm has a 50-day moving average price of $36.08 and a 200 day moving average price of $39.58. Ritchie Bros. Auctioneers has a 12-month low of $34.03 and a 12-month high of $52.88.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.75%.

In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll acquired 1,375 shares of the stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of C$36.17 per share, with a total value of C$49,733.75.

Ritchie Bros. Auctioneers Company Profile

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

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