Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) rose 4% on Monday . The company traded as high as C$34.00 and last traded at C$32.82. Approximately 482,375 shares changed hands during trading, an increase of 214% from the average daily volume of 153,802 shares. The stock had previously closed at C$34.18.

RBA has been the subject of a number of analyst reports. TD Securities decreased their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research note on Tuesday, October 10th. Scotiabank restated an “outperform” rating and set a C$42.50 price objective on shares of Ritchie Bros. Auctioneers in a research note on Friday, October 20th. National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$28.00 to C$39.00 in a research note on Monday, November 20th. Finally, Raymond James Financial decreased their price objective on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$38.33.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be given a dividend of $0.219 per share. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. This represents a $0.88 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 86.08%.

In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll bought 1,375 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average cost of C$36.17 per share, with a total value of C$49,733.75.

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About Ritchie Bros. Auctioneers

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.

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