Ritchie Bros. Auctioneers Incor found using ticker (RBA) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 86.32 and 70.86 calculating the mean target price we have 77.31. With the stocks previous close at 60.54 this now indicates there is a potential upside of 27.7%. The 50 day MA is 57.65 and the 200 moving average now moves to 61.71. The company has a market capitalisation of $6,667m. You can visit the company’s website by visiting: https://www.ritchiebros.com
The potential market cap would be $8,514m 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.
