Ritchie Bros. Auctioneers Incorporated (RBA) Earns Sector Perform Under Weight Rating from National Bank Financial

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA)‘s stock had its “sector perform under weight” rating reissued by investment analysts at National Bank Financial in a report issued on Thursday, June 29th.

RBA has been the subject of several other research reports. Royal Bank Of Canada set a $41.00 price target on Ritchie Bros. Auctioneers and gave the stock a “buy” rating in a research note on Saturday, April 22nd. BidaskClub raised Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $29.00 price target (down previously from $32.00) on shares of Ritchie Bros. Auctioneers in a research note on Friday, April 14th. CIBC reaffirmed an “outperform” rating and set a $36.00 price target on shares of Ritchie Bros. Auctioneers in a research note on Thursday, April 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Ritchie Bros. Auctioneers has an average rating of “Hold” and a consensus target price of $33.75.

Ritchie Bros. Auctioneers (NYSE RBA) traded down 0.28% during trading on Thursday, reaching $28.46. The company’s stock had a trading volume of 717,520 shares. The stock has a 50-day moving average price of $28.90 and a 200 day moving average price of $31.13. The company has a market cap of $3.04 billion, a PE ratio of 41.85 and a beta of 0.55. Ritchie Bros. Auctioneers has a 52-week low of $26.68 and a 52-week high of $39.96.

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Several large investors have recently added to or reduced their stakes in RBA. Rothschild Asset Management Inc. raised its stake in Ritchie Bros. Auctioneers by 14.6% in the second quarter. Rothschild Asset Management Inc. now owns 46,998 shares of the business services provider’s stock worth $1,751,000 after buying an additional 5,994 shares during the period. Great West Life Assurance Co. Can raised its stake in Ritchie Bros. Auctioneers by 10.8% in the second quarter. Great West Life Assurance Co. Can now owns 636,734 shares of the business services provider’s stock worth $18,235,000 after buying an additional 62,008 shares during the period. Pembroke Management LTD raised its stake in Ritchie Bros. Auctioneers by 488.7% in the second quarter. Pembroke Management LTD now owns 395,600 shares of the business services provider’s stock worth $11,941,000 after buying an additional 328,400 shares during the period. Riverbridge Partners LLC raised its stake in Ritchie Bros. Auctioneers by 18.4% in the second quarter. Riverbridge Partners LLC now owns 3,640,160 shares of the business services provider’s stock worth $104,618,000 after buying an additional 565,290 shares during the period. Finally, Copeland Capital Management LLC raised its stake in Ritchie Bros. Auctioneers by 21.2% in the second quarter. Copeland Capital Management LLC now owns 559,504 shares of the business services provider’s stock worth $16,080,000 after buying an additional 97,683 shares during the period. 96.26% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Ritchie Bros. Auctioneers (NYSE:RBA)

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