Analyst Downgrades – Ritchie Bros. Auctioneers (TSE:RBA) Stock Gets Downgraded By Scotiabank from Outperform to


Analyst Ratings For Ritchie Bros. Auctioneers (TSE:RBA)

Today, Ritchie Bros. Auctioneers (TSE:RBA) stock was downgraded by Scotiabank from Outperform to with a price target of C$44.00.

There are 1 sell rating, 1 hold rating, 2 buy ratings on the stock.

The current consensus rating on Ritchie Bros. Auctioneers (TSE:RBA) is Hold (Score: 2.25) with a consensus target price of C$41.63 per share, a potential .

Some recent analyst ratings include

  • 3/20/2017-Scotiabank was Downgraded by analysts at Scotiabank from a “Outperform” rating to a “” rating. They now have a C$44.00 price target on the stock.
  • 2/22/2017-Royal Bank of Canada Reiterated Rating of Outperform.

    About Ritchie Bros. Auctioneers (TSE:RBA)
    Ritchie Bros. Auctioneers Inc is a Canada-based holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces. The Company focuses on the sale of heavy machinery. The Company operates through the following 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 an online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at approximately 40 auction sites across the world. The majority of the assets sold through the Company’s sales channels are classified as construction machinery.

    Recent Trading Activity for Ritchie Bros. Auctioneers (TSE:RBA)
    Shares of Ritchie Bros. Auctioneers closed the previous trading session at 41.92 down -0.28 -0.66% with 78,312 shares trading hands.

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