Ritchie Bros Auctioneers Inc (NYSE: RBA) stock closed at $60.14 on 11/10/23 after a major decline of -10.3%. The stock has declined -11.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RBA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ritchie Bros Auctioneers has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ritchie Bros Auctioneers has a poor Appreciation Score of 21 but a good Power Rating of 80, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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