Ritchie Bros. Auctioneers Incor found using ticker (RBA) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 87.34 and 81.01 calculating the average target price we see 84.81. Given that the stocks previous close was at 59.39 this would imply there is a potential upside of 42.8%. The day 50 moving average is 64.51 and the 200 moving average now moves to 63.04. The company has a market capitalisation of $6,439m. Company Website: https://www.ritchiebros.com
The potential market cap would be $9,195m 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 live on site 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. The company was founded in 1958 and is headquartered in Burnaby, Canada.
