Ritchie Bros Auctioneers traded at 160.13 this Wednesday June 24th, increasing 5.93 or 3.85 percent since the previous trading session. Looking back, over the last four weeks, Ritchie Bros Auctioneers gained 8.50 percent. Over the last 12 months, its price rose by 11.50 percent. Looking ahead, we forecast Ritchie Bros Auctioneers to be priced at 153.08 by the end of this quarter and at 143.24 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ritchie Bros. Auctioneers Inc. is engaged in asset management and disposition of used industrial equipment and other durable assets. Through its unreserved auctions, online marketplaces, and private brokerage services, it sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment and other industrial assets. Its segment includes Auctions and Marketplaces (A&M) and Other. Auctions and Marketplaces segment includes its live on-site auctions, its online auctions and marketplaces, and its brokerage service. Other segment includes Ritchie Bros. Financial Services (RBFS), Mascus online services, and value-added services and make-ready activities, including the Company’s equipment refurbishment services, Asset Appraisal Services, and Ritchie Bros. Logistical Services.