Ritchie Bros Gets a Hold Rating from Barrington

Barrington analyst Gary Prestopino assigned a Hold rating to Ritchie Bros (NYSE: RBA) today. The company’s shares opened today at $32.68.

Prestopino commented:

“We have a MARKET PERFORM rating on the shares. Company Description 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 Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros.”

According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 4.2% and a 54.8% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

Currently, the analyst consensus on Ritchie Bros is Moderate Buy and the average price target is $35.50, representing an 8.6% upside.

In a report issued on May 10, Oppenheimer also assigned a Hold rating to the stock.

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Ritchie Bros’ market cap is currently $3.52B and has a P/E ratio of 43.11. The company has a Price to Book ratio of 4.68.

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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.