Brokerage Firm Rating Update on Ritchie Bros. Auctioneers Incorporated (RBA)

Ritchie Bros. Auctioneers Incorporated (RBA) : The consensus on Ritchie Bros. Auctioneers Incorporated (RBA) based on 11 analyst recommendation on the company stock is 2.09, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ritchie Bros. Auctioneers Incorporated (RBA) : Average target price received by Ritchie Bros. Auctioneers Incorporated (RBA) is $38.25 with an expected standard deviation of $3.28. The most aggressive target on the stock is $41, whereas the most downbeat target is $32. 6 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Jefferies maintains its rating on Ritchie Bros. Auctioneers Incorporated (NYSE:RBA). The global brokerage major raises the current price target from $28 per share to $32 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on August 31, 2016.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA): stock was range-bound between the intraday low of $34.95 and the intraday high of $35.5 after having opened at $35.25 on Wednesdays session. The stock finally closed in the red at $35.25, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 822,952 shares. The stock failed to cross $35.5 in Wednesdays trading. The stocks closing price on Thursday was $35.26.

Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment. The Company is engaged in providing unreserved auction services to equipment buyers and sellers. Ritchie Bros. focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is a secure online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at around 44 auction sites around the world. Through the Companys unreserved auctions and online marketplaces, it sells a range of used and unused industrial assets, including equipment, trucks and other assets used in the construction, transportation, agricultural, material handling, mining, forestry, energy and marine industries.

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