Ritchie Bros. Auctioneers or found using ticker (RBA) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 75.64 and 69.33 calculating the mean target price we have 71.85. Now with the previous closing price of 60.3 this is indicating there is a potential upside of 19.2%. The day 50 moving average is 58.48 and the 200 day MA is 62.13. The company has a market capitalisation of $6,657m. Company Website: https://www.ritchiebros.com
The potential market cap would be $7,932m based on the market concensus.
Ritchie Bros. Auctioneers orporated, 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, luding 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 orporated was founded in 1958 and is headquartered in Burnaby, Canada.
