Ritchie Bros. says sold over C$57M in first Canadian auction of 2014 Ritchie Bros. Auctioneers sold more than C$57, or $51.5M+, of equipment and trucks at its first Canadian auction of 2014, held at its permanent auction site in Edmonton, AB on February 26 - 27.
Ritchie Bros. downgraded to Market Perform from Outperform. at BMO Capital BMO Capital notes that Ritchie is transforming from simply selling unreserved auction services to a premier asset management and disposition company. BMO says the company's initiatives will bear fruit, but it does not view the risk/reward ratio as compelling at current levels. Target $27.