RB Global (TSE:RBA) Share Price Passes Above 200-Day Moving Average of $92.35

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$92.35 and traded as high as C$100.94. RB Global shares last traded at C$99.97, with a volume of 97,754 shares traded.

Analysts Set New Price Targets

Separately, Scotiabank lifted their target price on shares of RB Global from C$74.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th.

RB Global Stock Down 0.2 %

The company has a debt-to-equity ratio of 86.55, a current ratio of 1.35 and a quick ratio of 1.00. The business’s 50 day simple moving average is C$101.32 and its 200 day simple moving average is C$92.36. The company has a market capitalization of C$18.32 billion, a PE ratio of 70.90, a P/E/G ratio of 2.43 and a beta of 0.87.

RB Global (TSE:RBA) (NYSE:RBA) last issued its earnings results on Friday, February 23rd. The company reported C$0.56 EPS for the quarter, hitting analysts’ consensus estimates of C$0.56. RB Global had a net margin of 5.61% and a return on equity of 6.06%. The company had revenue of C$1.42 billion for the quarter, compared to the consensus estimate of C$1.41 billion. As a group, analysts anticipate that RB Global, Inc. will post 4.4459045 earnings per share for the current fiscal year.

RB Global Cuts Dividend

The business also recently declared a 1 dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 1st were paid a $1.431 dividend. The ex-dividend date of this dividend was Friday, March 1st. RB Global’s dividend payout ratio (DPR) is 104.26%.

Insider Activity

In other news, Senior Officer Baron Concors sold 15,658 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$76.80, for a total value of C$1,202,534.40. Following the sale, the insider now directly owns -205 shares of the company’s stock, valued at approximately C($15,744). Insiders own 0.30% of the company’s stock.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.