Could Ritchie Bros. Auctioneers Stock Provide A Massive Return? One Analyst Thinks So
While Ritchie Bros Auctioneers Inc (NYSE: RBA ) is not a large cap stock, it has seen 39.6% gains in the past six months and has extremely strong support along the $50 levels. RBA is an asset management and disposition company, largely for industrial equipment and durable assets. Headquartered in Vancouver, British Columbia, Canada, RBA is a B2B and B2C which helps customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, energy and multiple other industries. “RBA is in a unique position to capitalize on a potential sustained economic downturn,” said analyst Gianni Di Poce in his weekly “Benzinga Pro Insider Report.” “If construction companies are forced to dispose of assets from not being able to service debt payments, they could turn to companies like Ritchie Bros for guidance in the process.” The Call: A 33% return potential: “I am bullish on RBA so long as the stock remains above $62.50-$63.50,” Di Poce said. “Upside target $94-$96.” During the COVID-19 …
Could Ritchie Bros. Auctioneers Stock Provide A Massive Return? One Analyst Thinks So
While Ritchie Bros Auctioneers Inc (NYSE: RBA ) is not a large cap stock, it has seen 39.6% gains in the past six months and has extremely strong support along the $50 levels. RBA is an asset management and disposition company, largely for industrial equipment and durable assets. Headquartered in Vancouver, British Columbia, Canada, RBA is a B2B and B2C which helps customers buy and sell a wide range of used and unused equipment for construction, mining, transportation, energy and multiple other industries. “RBA is in a unique position to capitalize on a potential sustained economic downturn,” said analyst Gianni Di Poce in his weekly “Benzinga Pro Insider Report.” “If construction companies are forced to dispose of assets from not being able to service debt payments, they could turn to companies like Ritchie Bros for guidance in the process.” The Call: A 33% return potential: “I am bullish on RBA so long as the stock remains above $62.50-$63.50,” Di Poce said. “Upside target $94-$96.” During the COVID-19 …