Ritchie Bros. Auctioneers Incor with ticker code (RBA) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 75.88 and 69.55 with the average target price sitting at 72.08. With the stocks previous close at 56.42 this is indicating there is a potential upside of 27.8%. There is a 50 day moving average of 59.23 and the 200 day MA is 62.29. The market cap for the company is $6,347m. Visit the company website at: https://www.ritchiebros.com
The potential market cap would be $8,108m 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.
