In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Ritchie Bros (RBA). The company’s shares closed yesterday at $33.23.
Prestopino observed:
“We have a MARKET PERFORM investment rating on the shares based on valuation.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.9% and a 36.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
Ritchie Bros has an analyst consensus of Hold, with a price target consensus of $37.25, representing a 12.1% upside. In a report issued on May 13, RBC Capital also maintained a Hold rating on the stock with a $34 price target.
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The company has a one-year high of $38.77 and a one-year low of $30.76. Currently, Ritchie Bros has an average volume of 304.9K.
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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.
