Ritchie Bros. Auctioneers Inc (RBA) Price Target Lowered to C$36.00 at Raymond James Financial, Inc.

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) had its price objective reduced by analysts at Raymond James Financial, Inc. to C$36.00 in a research note issued to investors on Tuesday, October 10th, StockTargetPrices.com reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price objective would suggest a potential downside of 0.80% from the stock’s current price.

A number of other equities analysts also recently commented on RBA. CIBC downgraded shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$36.00 to C$28.00 in a research note on Monday, July 10th. TD Securities dropped their price objective on shares of Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a research note on Monday, July 10th. Scotiabank dropped their price objective on shares of Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a research note on Monday, July 10th. Finally, National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$38.20.

Shares of Ritchie Bros. Auctioneers (RBA) opened at 36.29 on Tuesday. The company’s 50-day moving average price is $37.01 and its 200 day moving average price is $38.73. The firm has a market capitalization of $3.89 billion and a PE ratio of 79.06. Ritchie Bros. Auctioneers has a 12-month low of $34.03 and a 12-month high of $52.88.

TRADEMARK VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/21/raymond-james-financial-inc-lowers-ritchie-bros-auctioneers-inc-rba-price-target-to-c36-00.html.

In related news, insider Sharon Driscoll bought 1,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of C$35.72 per share, for a total transaction of C$35,720.00.

A number of other equities analysts also recently commented on RBA. CIBC downgraded shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$36.00 to C$28.00 in a research note on Monday, July 10th. TD Securities dropped their price objective on shares of Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a research note on Monday, July 10th. Scotiabank dropped their price objective on shares of Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a research note on Monday, July 10th. Finally, National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$38.20.

Shares of Ritchie Bros. Auctioneers (RBA) opened at 36.29 on Tuesday. The company’s 50-day moving average price is $37.01 and its 200 day moving average price is $38.73. The firm has a market capitalization of $3.89 billion and a PE ratio of 79.06. Ritchie Bros. Auctioneers has a 12-month low of $34.03 and a 12-month high of $52.88.

TRADEMARK VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/21/raymond-james-financial-inc-lowers-ritchie-bros-auctioneers-inc-rba-price-target-to-c36-00.html.

In related news, insider Sharon Driscoll bought 1,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of C$35.72 per share, for a total transaction of C$35,720.00.

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.

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