Jefferies Group reiterated their hold rating on shares of Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) in a research report report published on Thursday morning. Jefferies Group currently has a $30.00 price target on the business services provider’s stock.
Other research analysts have also issued research reports about the stock. Oppenheimer reaffirmed a hold rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, November 13th. Raymond James Financial reduced their target price on shares of Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a market perform rating on the stock in a research note on Monday, November 13th. National Bank Financial raised their target price on shares of Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the company an outperform rating in a research note on Wednesday, January 10th. Scotiabank set a $34.00 target price on shares of Ritchie Bros. Auctioneers and gave the company an outperform rating in a research note on Friday, October 20th. Finally, TD Securities raised their target price on shares of Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the company a reduce rating in a research note on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $30.44.
Shares of Ritchie Bros. Auctioneers (RBA) traded down $0.22 during midday trading on Thursday, hitting $31.41. 735,739 shares of the stock traded hands, compared to its average volume of 411,105. The company has a market cap of $3,366.68, a price-to-earnings ratio of 37.39, a PEG ratio of 3.38 and a beta of 0.63. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers has a one year low of $24.08 and a one year high of $35.21.
In related news, insider Karl William Werner sold 5,400 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $28.68, for a total transaction of $154,872.00. Following the transaction, the insider now owns 5,400 shares of the company’s stock, valued at approximately $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new position in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $127,000. ETRADE Capital Management LLC acquired a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $218,000. Tower Research Capital LLC TRC raised its holdings in Ritchie Bros. Auctioneers by 338.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the business services provider’s stock worth $303,000 after buying an additional 6,257 shares during the period. Stephens Inc. AR raised its holdings in Ritchie Bros. Auctioneers by 8.4% during the 2nd quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock worth $238,000 after buying an additional 642 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $287,000. 96.61% of the stock is currently owned by institutional investors and hedge funds.
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Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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