Ritchie Bros (RBA) Receives a Hold from Barrington

By Carrie Williams

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on Ritchie Bros (RBAResearch Report). The company’s shares opened today at $33.06.

According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 2.3% and a 45.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and AutoWeb Inc.

Currently, the analyst consensus on Ritchie Bros is a Hold with an average price target of $37.25.

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Ritchie Bros’ market cap is currently $3.62B and has a P/E ratio of 32.79. The company has a Price to Book ratio of 4.60.

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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.