Ritchie Bros. Auctioneers Inc (RBA) Receives C$38.33 Average Target Price from Brokerages

Shares of Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$38.33.

Separately, National Bank Financial raised Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$28.00 to C$39.00 in a research report on Monday, November 20th.

Ritchie Bros. Auctioneers (TSE:RBA) traded up C$0.63 during trading hours on Wednesday, hitting C$40.64. The stock had a trading volume of 210,421 shares, compared to its average volume of 198,846. The firm has a market cap of $4,360.00, a PE ratio of 53.47 and a beta of 0.27. Ritchie Bros. Auctioneers has a twelve month low of C$30.63 and a twelve month high of C$46.32.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, February 15th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 89.47%.

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About Ritchie Bros. Auctioneers

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.

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

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