Ritchie Bros. Auctioneers Incorporated operates as an auctioneer of industrial equipment primarily to the used construction, transportation, and agricultural equipment sectors worldwide. The company sells, through unreserved public auctions, a range of industrial equipments, trucks, and other assets used in the construction, transportation, mining, forestry, petroleum, material handling, marine, real estate, and agricultural industries. It also offers rbauctionBid-Live services that enable the customers to bid live and in real-time over the Internet. As of December 31, 2007, Ritchie Bros. Auctioneers operated from approximately 110 locations, including 37 auction sites in approximately 27 countries. Its customers include contractors, truck and equipment dealers and brokers, finance companies, and rental companies. The company was founded in 1963 and is headquartered in Richmond, Canada.
Analysts'
Recommendation: | Buy |
| 30 Days Ago: | Hold |
|
| Analysts' Target: | $50 |
| Analysts' Targets |
| Robert W. Baird & Co. | $30 |
| Neutral |
Wednesday, April 30, 2008
|
| Barrington Research | $31 |
| 3-Hold |
Tuesday, April 29, 2008
|
| RBC Capital Markets | $90 |
| Sector Perform |
| Wednesday, April 16, 2008 |
$25.3 (06/29/08)
