Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) announced a quarterly dividend on Tuesday, August 8th, Zacks reports. Shareholders of record on Friday, August 25th will be paid a dividend of 0.17 per share on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at 36.28 on Friday. The firm has a 50-day moving average price of $35.76 and a 200-day moving average price of $40.58. Ritchie Bros. Auctioneers has a 52 week low of $34.03 and a 52 week high of $52.88. The firm has a market cap of $3.89 billion and a PE ratio of 78.53.
RBA has been the topic of a number of research analyst reports. National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. Royal Bank Of Canada reduced their target price on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a report on Monday, May 15th. Raymond James Financial, Inc. reduced their target price on Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a report on Tuesday, July 11th. Barrington Research reiterated a “market perform” rating on shares of Ritchie Bros. Auctioneers in a report on Wednesday, May 10th. Finally, TD Securities reduced their target price on Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$39.50.
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About Ritchie Bros. Auctioneers
Ritchie Bros. Auctioneers Incorporated, together with its subsidiaries, sells industrial equipment and other assets for the construction, agriculture, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces.
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