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Ritchie Bros. Auctioneers Inc (NYSE:RBA) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has upgraded Ritchie Bros. Auctioneers Inc (NYSE:RBA) to Hold in a statement released on Saturday July 08, 2017.

Only yesterday Ritchie Bros. Auctioneers Inc (NYSE:RBA) traded -0.33% lower at $29.06. Ritchie Bros. Auctioneers Inc’s 50-day moving average is $28.18 and its two hundred day average is $30.79. With the last stock price down -11.98% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 629,327 shares of Ritchie Bros. Auctioneers Inc exchanged hands, down from an avg. volume of 721,934

Recent Performance Chart

Ritchie Bros. Auctioneers Inc (NYSE:RBA)

Ritchie Bros. Auctioneers Inc has 52 week low of $26.68 and a 52 week high of $39.96 with a P/E ratio of 58.66 and has a market cap of $0.

Also covering Ritchie Bros. Auctioneers Inc's target, a total of 9 firms have reported on the stock. The consensus target price is $26.49 with three analysts rating the company a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Ritchie Bros. Auctioneers Inc (NYSE:RBA)

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. (Mascus) online services. EquipmentOne is an online marketplace that equipment sellers can navigate independently. EquipmentOne facilitates the completion of sales through a settlement process managed by EquipmentOne that protects both the seller and the buyer. Mascus is an online equipment listing service for used heavy machinery and trucks. It offers subscriptions to equipment dealers, brokers, exporters and equipment manufacturers to list equipment available for sale at a listed price. The Company, through Mascus, provides online advertising services, business tools and solutions.

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