Ritchie Bros (RBA) Gets a Hold Rating from Scotiabank


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.

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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.

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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.

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