In a report released yesterday, Craig Kennison from Robert W. Baird reiterated a Buy rating on Ritchie Bros (NYSE: RBA), with a price target of $42. The company’s shares closed on Friday at $37.63, close to its 52-week high of $38.54.
According to TipRanks.com, Kennison is a 5-star analyst with an average return of 16.2% and a 67.0% success rate. Kennison covers the Consumer Goods sector, focusing on stocks such as Thor Industries Inc, Fox Factory Holding, and LKQ Corp.
Ritchie Bros has an analyst consensus of Hold, with a price target consensus of $35.
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The company has a one-year high of $38.54 and a one-year low of $24.08. Currently, Ritchie Bros has an average volume of 338.6K.
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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.
