Ritchie Bros. Auctioneers Incor with ticker code (RBA) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 73 and 60 calculating the average target price we see $67.07. Given that the stocks previous close was at $56.07 this now indicates there is a potential upside of 19.6%. The 50 day MA is $58.69 and the 200 day MA is $61.68. The company has a market capitalization of $10,239m. You can visit the company’s website by visiting: https://www.ritchiebros.com
The potential market cap would be $12,248m based on the market consensus.
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. It also offers live auction events with online bidding. The company serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. It operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, Europe, the Middle East, Asia, and internationally. The company was founded in 1958 and is headquartered in Burnaby, Canada.
The company has a dividend yield of 1.92% with the ex dividend date set at 21-3-2023 (DMY).
Other points of data to note are a P/E ratio of 19.71, revenue per share of 15.65 and a 6.2% return on assets.
