Ritchie Bros. Auctioneers Incor with ticker code (RBA) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 75 and 68.75 with a mean TP of 71.25. Now with the previous closing price of 59.03 this is indicating there is a potential upside of 20.7%. There is a 50 day moving average of 58.04 and the 200 day MA is 62.15. The company has a market capitalisation of $6,560m. Company Website: https://www.ritchiebros.com
The potential market cap would be $7,918m based on the market concensus.
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. It 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. The company also offers live auction events with online bidding. It sells used equipment to its customers through live unreserved auctions at 40 auction sites worldwide. 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. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.
