Barrington Reaffirms Their Hold Rating on Ritchie Bros (RBA)

By Austin Angelo

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Ritchie Bros (RBAResearch Report). The company’s shares closed last Monday at $41.97, close to its 52-week high of $42.97.

According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 0.7% and a 50.7% success rate. Prestopino covers the Services sector, focusing on stocks such as US Auto Parts Network, Kar Auction Services, and Cardtronics.

Ritchie Bros has an analyst consensus of Moderate Buy, with a price target consensus of $38.67.

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Ritchie Bros’ market cap is currently $4.49B and has a P/E ratio of 34.60. The company has a Price to Book ratio of 5.41.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus.