Scotiabank analyst Michael Doumet reiterated a Hold rating on Ritchie Bros (NYSE: RBA) today and set a price target of $39. The company’s shares opened today at $37.75, close to its 52-week high of $38.54.
Doumet has an average return of 20.2% when recommending Ritchie Bros.
According to TipRanks.com, Doumet is ranked #1459 out of 4847 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Ritchie Bros with a $35.67 average price target, representing a -5.5% downside. In a report issued on August 6, Barrington also maintained a Hold rating on the stock.
.
See today’s analyst top recommended stocks >>
Ritchie Bros’ market cap is currently $4.04B and has a P/E ratio of 49.51. The company has a Price to Book ratio of 5.38.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.