Ritchie Bros (RBA) Receives a Hold from RBC Capital

By Jason Carr

RBC Capital analyst Derek Spronck reiterated a Hold rating on Ritchie Bros (NYSE: RBA) on August 10 and set a price target of $36. The company’s shares closed on Friday at $37.63, close to its 52-week high of $38.54.

According to TipRanks.com, Spronck is ranked #414 out of 4847 analysts.

Currently, the analyst consensus on Ritchie Bros is a Hold with an average price target of $33.25, implying a -11.6% downside from current levels. In a report issued on August 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 $38.54 and a one-year low of $24.08. Currently, Ritchie Bros has an average volume of 351K.

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.