Ritchie Bros. Auctioneers Incor with ticker code (RBA) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 86.05 and 70.64 calculating the mean target price we have 78.34. Now with the previous closing price of 72.66 this indicates there is a potential upside of 7.8%. There is a 50 day moving average of 64.47 while the 200 day moving average is 62.12. The company has a market capitalisation of $7,535m. Find out more information at: https://www.ritchiebros.com
The potential market cap would be $8,124m 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.
