Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) had its target price lowered by analysts at TD Securities to C$35.00 in a research report issued on Monday, StockTargetPrices.com reports. The firm presently has a “reduce” rating on the stock. TD Securities’ price target suggests a potential downside of 1.99% from the company’s previous close.
Other analysts also recently issued research reports about the company. Scotiabank reduced their price objective on Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a research note on Monday. CIBC cut Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$36.00 to C$28.00 in a report on Monday. Royal Bank of Canada dropped their target price on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating for the company in a report on Monday, May 8th. Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating for the company in a report on Monday, May 15th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Ritchie Bros. Auctioneers in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$38.60.
Shares of Ritchie Bros. Auctioneers (TSE RBA) traded down 7.05% during mid-day trading on Monday, reaching $34.82. The company’s stock had a trading volume of 343,533 shares. Ritchie Bros. Auctioneers has a 12-month low of $34.76 and a 12-month high of $52.88. The stock has a market capitalization of $3.73 billion and a P/E ratio of 51.21. The company’s 50-day moving average price is $41.06 and its 200-day moving average price is $42.97.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, June 13th were issued a $0.17 dividend. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, May 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%.
TRADEMARK VIOLATION WARNING: “Ritchie Bros. Auctioneers Inc (RBA) PT Lowered to C$35.00” was first reported by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.wkrb13.com/markets/2285769/ritchie-bros-auctioneers-inc-rba-pt-lowered-to-c35-00.html.
Ritchie Bros. Auctioneers Company Profile
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285769/ritchie-bros-auctioneers-inc-rba-pt-lowered-to-c35-00.html
Receive News & Ratings for Ritchie Bros. Auctioneers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Inc and related companies with MarketBeat.com's FREE daily email newsletter.