TD Securities Reiterates Their Sell Rating on Ritchie Bros (RBA)

By Jason Carr

TD Securities analyst Cherilyn Radbourne reiterated a Sell rating on Ritchie Bros (NYSE: RBA) today and set a price target of $28. The company’s shares closed on Friday at $37.63, close to its 52-week high of $38.54.

According to TipRanks.com, Radbourne is a 4-star analyst with an average return of 10.5% and a 74.4% success rate. Radbourne covers the Services sector, focusing on stocks such as Union Pacific Corp, Norfolk Southern, and CSX Corp.

Ritchie Bros has an analyst consensus of Hold, with a price target consensus of $35.

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Ritchie Bros’ market cap is currently $4.04B and has a P/E ratio of 49.51. The company has a Price to Book ratio of 5.38.

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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.