Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $30.72 on Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.17 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) stands at 22.62.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Ritchie Bros. Auctioneers Incor, the PEG ratio for coming 3-5 years is 2.28.
The technical analysis highlights that Ritchie Bros. Auctioneers Incor current is trading $-2.49 points away or -7.92% from its 50-day moving average of $31.38. Further it is trading $-0.60 or -2.02% away its 200-day moving average of $29.49.
The 52-week high of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) was $35.24 while lowest point recorded in 52-week was $21.03. It implies if stock price makes a movement of over $-6.35, it will record a new 52-week high. In the case of +37.38% drop, it will touch a new 52-week low.
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