Ritchie Bros. Auctioneers Stock Rating Reaffirmed by Scotiabank (RBA)

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Ritchie Bros. Auctioneers (TSE:RBA)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a report issued on Thursday, Analyst Ratings Network reports.

RBA has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald downgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, January 15th. Separately, analysts at BMO Capital Markets raised their price target on shares of Ritchie Bros. Auctioneers from C$23.00 to C$27.00 in a research note to investors on Thursday, January 9th. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Ritchie Bros. Auctioneers from C$17.00 to C$18.00 in a research note to investors on Monday, December 23rd. They now have a “reduce” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and a consensus target price of C$21.00.

The company also recently announced a Quarterly dividend, which is scheduled for Friday, March 7th. Shareholders of record on Friday, March 7th will be paid a dividend of 0.13 per share. This represents a dividend yield of 2.05%. The ex-dividend date is Wednesday, February 12th.

Ritchie Bros. Auctioneers Incorporated and its subsidiaries sells industrial equipment and other assets for the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries at its unreserved auctions worldwide.

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