According to The Fly, a Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Analyst Gary Prestopino from Barrington reiterated a Hold rating on Ritchie Bros Auction (RBA)
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 1.9% and a 42.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.
The word on The Street in general, suggests a Hold analyst consensus rating for Ritchie Bros Auction with a C$37.50 average price target.
Ritchie Bros Auction’s market cap is currently C$4.76B and has a P/E ratio of 33.4. The company has a Price to Book ratio of 4.60.
Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services, and Mascus.
The company’s shares closed on Friday at C$43.95.
