Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) had its price objective increased by equities researchers at Jefferies Financial Group from C$30.00 to C$35.00 in a research report issued to clients and investors on Monday. Jefferies Financial Group’s target price suggests a potential downside of 28.96% from the stock’s current price. Jefferies Financial Group also issued estimates for Ritchie Bros. Auctioneers’ FY2018 earnings at $1.50 EPS, FY2019 earnings at $1.76 EPS and FY2020 earnings at $1.95 EPS.

Separately, National Bank Financial lowered shares of Ritchie Bros. Auctioneers from an “outperfrom under weight” rating to a “sector perform under weight” rating in a report on Friday, May 11th.

Shares of RBA stock opened at C$49.27 on Monday. Ritchie Bros. Auctioneers has a 12 month low of C$30.63 and a 12 month high of C$50.47.

In other news, insider Karl William Werner sold 7,664 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of C$33.03, for a total value of C$253,141.92.

About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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