Ritchie Bros. Auctioneers (RBA) Receives News Sentiment Rating of 0.19

Media stories about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ritchie Bros. Auctioneers earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.7467693077883 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

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Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

BidaskClub Downgrades Ritchie Bros. Auctioneers Incorporated (RBA) to Strong Sell (americanbankingnews.com)
Ritchie Bros. Auctioneers (RBA) Given Average Rating of “Hold” from Analysts (campdesrecrues.com)
Ritchie Bros. Auctioneers Inc (RBA) Rating Lowered to Neutral at CIBC (overnewsmagazine.com)
Ritchie Bros. Auctioneers Incorporated (RBA) Downgraded by CIBC to “Sector Perform” (newstrendstoday.com)
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Profitability in Focus (fishinghd.com)

Shares of Ritchie Bros. Auctioneers (RBA) traded up 0.04% during trading on Friday, reaching $27.46. The company’s stock had a trading volume of 471,802 shares. The stock has a 50-day moving average of $28.67 and a 200-day moving average of $31.01. Ritchie Bros. Auctioneers has a 52-week low of $26.68 and a 52-week high of $39.96. The stock has a market cap of $2.94 billion, a P/E ratio of 40.38 and a beta of 0.55.

A number of research firms have recently issued reports on RBA. Jefferies Group LLC reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Ritchie Bros. Auctioneers in a research report on Friday, May 5th. BidaskClub raised Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. TheStreet cut Ritchie Bros. Auctioneers from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Scotiabank cut their price objective on Ritchie Bros. Auctioneers from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, May 8th. Finally, Royal Bank Of Canada cut their price objective on Ritchie Bros. Auctioneers from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.75.

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About Ritchie Bros. Auctioneers

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.