Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) insider Sharon Driscoll acquired 1,375 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average price of C$36.17 per share, for a total transaction of C$49,733.75.
Sharon Driscoll also recently made the following trade(s):
- On Friday, August 25th, Sharon Driscoll acquired 1,000 shares of Ritchie Bros. Auctioneers stock. The stock was bought at an average price of C$35.72 per share, for a total transaction of C$35,720.00.
Shares of Ritchie Bros. Auctioneers Inc (RBA) opened at 36.88 on Wednesday. Ritchie Bros. Auctioneers Inc has a 52 week low of $34.03 and a 52 week high of $52.88. The firm’s 50-day moving average is $35.79 and its 200-day moving average is $39.89. The stock has a market capitalization of $3.95 billion and a price-to-earnings ratio of 79.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.84%.
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RBA has been the topic of several research analyst reports. Raymond James Financial, Inc. reduced their price objective 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. CIBC lowered shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$36.00 to C$28.00 in a report on Monday, July 10th. Scotiabank restated an “outperform” rating and issued a C$41.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Tuesday. TD Securities reduced their price objective on shares of Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a report on Monday, July 10th. Finally, National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$39.50.
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.
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