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 TipRanks.com, 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.

See today’s analyst top recommended stocks >>

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.

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.