CIBC Reiterates Their Hold Rating on Ritchie Bros (RBA)

By Jason Carr

CIBC analyst Scott Fromson reiterated a Hold rating on Ritchie Bros (RBAResearch Report) on May 12 and set a price target of $37. The company’s shares closed yesterday at $32.97.

According to, Fromson is ranked #2473 out of 5181 analysts.

Currently, the analyst consensus on Ritchie Bros is a Hold with an average price target of $37.25, which is a 13.0% upside from current levels. In a report issued on May 6, Barrington also maintained a Hold rating on the stock.

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The company has a one-year high of $38.77 and a one-year low of $30.76. Currently, Ritchie Bros has an average volume of 301K.

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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.