Ritchie Bros (RBA) Gets a Hold Rating from Barrington

By Ryan Adsit

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Ritchie Bros (NYSE: RBA). The company’s shares closed on Friday at $37.63, close to its 52-week high of $38.54.

Prestopino observed:

“We have a MARKET PERFORM investment rating on the shares. Company Description 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: Ritchie Bros. Financial Services, and Mascus. Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros.”

According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 14.6% and a 63.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and AutoWeb Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Ritchie Bros with a $35.33 average price target, a -6.1% downside from current levels. In a report issued on August 9, Oppenheimer also assigned a Hold rating to the stock.

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The company has a one-year high of $38.54 and a one-year low of $24.08. Currently, Ritchie Bros has an average volume of 338.6K.

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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.