Ritchie Bros. Auctioneers Incor found using ticker (RBA) now have 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 73 and 60 calculating the average target price we see 67. With the stocks previous close at 62.66 this now indicates there is a potential upside of 6.9%. There is a 50 day moving average of 59.15 and the 200 day moving average is 62.06. The market capitalisation for the company is $6,958m. Company Website: https://www.ritchiebros.com
The potential market cap would be $7,440m 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.
