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 target price High/Low ranges between 73 and 60 with the average target price sitting at $67.07. Given that the stocks previous close was at $54.21 and the analysts are correct then there would likely be a percentage uptick in value of 23.7%. There is a 50 day moving average of $59.36 and the 200 moving average now moves to $61.88. The company has a market capitalization of $9,884m. Company Website: https://www.ritchiebros.com
The potential market cap would be $12,228m 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 1.99% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 18.97, revenue per share of 15.65 and a 6.2% return on assets.
