Analyst Rating Update on Ritchie Bros. Auctioneers Incorporated (RBA)

Ritchie Bros. Auctioneers Incorporated (RBA) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

Ritchie Bros. Auctioneers Incorporated (RBA) : The consensus price target for Ritchie Bros. Auctioneers Incorporated (RBA) is $32.4 for the short term with a standard deviation of $3.03. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $28.

Company shares have received an average consensus rating of Hold for the current week


Ritchie Bros. Auctioneers Incorporated (NYSE:RBA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.59 and $32.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.76, notching a gain of 0.28% for the day. The total traded volume was 958,678 . The stock had closed at $32.67 on the previous day.

Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment. The Company is engaged in providing unreserved auction services to equipment buyers and sellers. Ritchie Bros. focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is a secure online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at around 44 auction sites around the world. Through the Companys unreserved auctions and online marketplaces, it sells a range of used and unused industrial assets, including equipment, trucks and other assets used in the construction, transportation, agricultural, material handling, mining, forestry, energy and marine industries.

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