In a report issued on November 9, Scotia Capital from Scotiabank maintained a Buy rating on Ritchie Bros (RBA), with a price target of $80.00. The company’s shares closed last Tuesday at $67.32.
The word on The Street in general, suggests a Hold analyst consensus rating for Ritchie Bros with a $66.16 average price target.
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The company has a one-year high of $78.64 and a one-year low of $25.92. Currently, Ritchie Bros has an average volume of 511.9K.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBA in relation to earlier this year.
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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. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros. Financial Services segment refers to the financial brokerage service. The Mascus segment includes online listing service. The company was founded by David Edward Ritchie in 1958 and is headquartered in Burnaby, Canada.
