Ritchie Bros. Auctioneers Incor – Consensus Indicates Potential 30.5% Upside

Broker Ratings

Ritchie Bros. Auctioneers Incor with ticker code (RBA) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 82.3 and 81.04 calculating the mean target price we have 81.67. With the stocks previous close at 62.56 this would imply there is a potential upside of 30.5%. The 50 day MA is 62.16 and the 200 day MA is 60.76. The company has a market capitalisation of $6,841m. You can visit the company’s website by visiting: http://www.ritchiebros.com

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. The company also offers live auction events with online bidding. It sells used equipment to its customers through live, unreserved auctions at 40 auction sites worldwide. The company serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. It operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, Europe, the Middle East, Asia, and internationally. The company was founded in 1958 and is headquartered in Burnaby, Canada.

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