Ritchie Bros. Auctioneers Inc (RBA) Set to Announce Earnings on Thursday

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) is set to release its earnings data after the market closes on Thursday, November 9th. Analysts expect Ritchie Bros. Auctioneers to post earnings of C$0.18 per share for the quarter.

Ritchie Bros. Auctioneers Inc (TSE:RBA) opened at C$36.56 on Wednesday. Ritchie Bros. Auctioneers Inc has a twelve month low of C$34.03 and a twelve month high of C$52.88.

Several brokerages recently commented on RBA. Scotiabank reiterated an “outperform” rating and issued a C$41.00 target price on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. Raymond James Financial, Inc. dropped their target price on shares of Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a report on Tuesday, July 11th. Finally, TD Securities dropped their target price on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$38.20.

In related news, insider Sharon Driscoll acquired 1,375 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of C$36.17 per share, for a total transaction of C$49,733.75.

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Ritchie Bros. Auctioneers Company Profile

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.

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