CIBC analyst Scott Fromson maintained a Hold rating on Ritchie Bros (RBA) yesterday and set a price target of $40. The company’s shares closed on Friday at $37.30.
According to TipRanks.com, Fromson is ranked #2367 out of 5239 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Ritchie Bros with a $36 average price target, which is a -3.5% downside from current levels. In a report issued on August 5, Barrington also maintained a Hold rating on the stock.
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Ritchie Bros’ market cap is currently $4.07B and has a P/E ratio of 33.09. The company has a Price to Book ratio of 4.91.
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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.
