Ritchie Bros. Auctioneers Incorporated

Go to Ritchie Bros. Auctioneers Incorporated Website

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$13.8 billion USD

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RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment; since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and t...


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Recent News

RB Global (RBA) delivered earnings and revenue surprises of 23.29% and 4.84%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Related tickers: RBA, PAGS.

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Analysts' ratings for RB Global (NYSE:RBA) over the last quarter vary from bullish to bearish, as provided by 4 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 0 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $86.5, a high estimate of $93.00, and a low estimate of $76.00. Surpassing the previous average price target of $78.25, the current average has increased by 10.54%. Breaking Down Analyst Ratings: A Detailed Examination The standing of RB Global among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Michael Doumet Scotiabank Raises Sector Outperform $89.00 $88.00 Michael Doumet Scotiabank Raises Sector Outperform $88.00 $76.00 Arthur Nagorny RBC Capital Raises Outperform $93.00 $75.00 Michael Doumet Scotiabank Raises Sector Outperform $76.00 $74.00 Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to RB Global. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Analysts ...Full story available on Benzinga.com

Related tickers: RBA.

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