Stock To Watch: Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)


The leading market experts have placed a mean price target of $30.94 on Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.34 a share for the upcoming quarter and $1.22 for the current fiscal.

Technical View

The technical analysis of Ritchie Bros. Auctioneers Incor plainly substantiates that the 50-day moving average of Ritchie Bros. Auctioneers Incor is $33.23, and stock is trading $-4.94 points away or -14.87% from its 50-day moving average of $33.23. Further it is trading $-0.79 or -2.72% away its 200-day moving average of $29.08. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) 52-week high is $35.24 and the 52-week low is $21.03.

This explains if the stock moves $-6.95, it will post a 52-week high. In event of +34.52% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Ritchie Bros. Auctioneers Incor, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) ratio came in at 22.38.

The stock last ended the trading session at $28.29 and registered a market cap of $3.01B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) PEG ratio is at 2.30.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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