Ritchie Bros. Auctioneers (TSE:RBA) target price upped to $44.00, released a report earlier today by Scotia Capital
- Updated: March 20, 2017
Boasting a price of $41.91, Ritchie Bros. Auctioneers (TSE:RBA) traded -0.66% lower on the day. The last stock close price is down -8.51% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $42.41 and a 200-day moving average of $45.82. 78,312 shares of the stock were exchanged, down from an average trading volume of 167,777
Reporting a possible upside of 0.05%, Scotia Capital bumped up the target of Ritchie Bros. Auctioneers (TSE:RBA) to $44.00
On 2/23/2017, RBC Capital Markets released a statement on Ritchie Bros. Auctioneers (TSE:RBA) bumped up the target price from $0.00 to $54.00 that suggested an upside of 0.22%.
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Ritchie Bros. Auctioneers has a 52 week low of $32.66 and a 52 week high of $52.88 with a P/E ratio of 49.32 The company’s market cap is currently $0.
In addition to Scotia Capital reporting its target price, a total of 4 firms have issued a report on the stock. The consensus target price is $37.50 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Ritchie Bros. Auctioneers (TSE: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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