TD Securities Trims Ritchie Bros. Auctioneers Inc (RBA) Target Price to C$29.00

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) had its price objective dropped by research analysts at TD Securities to C$29.00 in a research report issued on Tuesday. The firm currently has a “reduce” rating on the stock. TD Securities’ price target points to a potential downside of 22.02% from the company’s previous close.

A number of other research firms have also weighed in on RBA. National Bank Financial reissued a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. Raymond James Financial, Inc. reduced their price target on shares of Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 11th. Scotiabank reaffirmed an “outperform” rating and set a C$41.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Finally, CIBC lowered shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$36.00 to C$28.00 in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$37.90.

Ritchie Bros. Auctioneers (TSE RBA) traded down 7.02% during midday trading on Tuesday, hitting $34.58. The company had a trading volume of 324,784 shares. Ritchie Bros. Auctioneers has a 1-year low of $34.03 and a 1-year high of $52.88. The company has a 50 day moving average price of $37.19 and a 200 day moving average price of $39.20. The firm has a market capitalization of $3.70 billion and a P/E ratio of 75.34.

TRADEMARK VIOLATION NOTICE: “TD Securities Trims Ritchie Bros. Auctioneers Inc (RBA) Target Price to C$29.00” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/10/td-securities-trims-ritchie-bros-auctioneers-inc-rba-target-price-to-c29-00.html.

In other news, insider Sharon Driscoll purchased 1,375 shares of Ritchie Bros. Aucti

A number of other research firms have also weighed in on RBA. National Bank Financial reissued a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. Raymond James Financial, Inc. reduced their price target on shares of Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 11th. Scotiabank reaffirmed an “outperform” rating and set a C$41.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Finally, CIBC lowered shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$36.00 to C$28.00 in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$37.90.

Ritchie Bros. Auctioneers (TSE RBA) traded down 7.02% during midday trading on Tuesday, hitting $34.58. The company had a trading volume of 324,784 shares. Ritchie Bros. Auctioneers has a 1-year low of $34.03 and a 1-year high of $52.88. The company has a 50 day moving average price of $37.19 and a 200 day moving average price of $39.20. The firm has a market capitalization of $3.70 billion and a P/E ratio of 75.34.

TRADEMARK VIOLATION NOTICE: “TD Securities Trims Ritchie Bros. Auctioneers Inc (RBA) Target Price to C$29.00” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/10/td-securities-trims-ritchie-bros-auctioneers-inc-rba-target-price-to-c29-00.html.

In other news, insider Sharon Driscoll purchased 1,375 shares of Ritchie Bros. Auctioneers stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of C$36.17 per share, with a total value of C$49,733.75.

About Ritchie Bros. Auctioneers

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 (TSE:RBA)

Receive News & Ratings for Ritchie Bros. Auctioneers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply