Analyst Upgrade Stock
Report Date: 05-13-2022
Symbol: RBA - Ritchie Bros. Auctioneers Incorporated
Sector: Industrials
Industry: Specialty Business Services
Analyst Upgrade Signal: RBA from Underperform to Neutral by BofA Securities
Price Target: $51>>61
Ritchie Bros. Auctioneers Incorporated (RBA)
9500 Glenlyon Parkway
Burnaby, BRITISH COLUMBIA V5J 0C6
Phone: 17783315500
Website: http://www.ritchiebros.com
CEO: Ms. Ann Fandozzi
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery. It also offers live auction events with online bidding. The company sells used equipment to its customers through live, unreserved auctions at 40 auction sites worldwide. It serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. The company operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, and internationally. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.