RB Global (TSE:RBA) Sets New 52-Week Low – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$111.53 and last traded at C$112.22, with a volume of 74110 shares traded. The stock had previously closed at C$112.89.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RBA. Raymond James Financial upgraded RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 price objective on the stock in a research note on Tuesday, June 30th. Barclays upgraded shares of RB Global to a “strong-buy” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$134.50.

RB Global Trading Down 1.0%

The company has a debt-to-equity ratio of 74.64, a current ratio of 1.31 and a quick ratio of 0.99. The company has a market capitalization of C$20.69 billion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 2.43 and a beta of -0.13. The firm has a fifty day moving average price of C$138.91 and a 200-day moving average price of C$140.53.

Insider Transactions at RB Global

In other RB Global news, Director Chloe Harford bought 1,200 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of C$118.12 per share, with a total value of C$141,744.00. Following the transaction, the director directly owned 1,200 shares in the company, valued at C$141,744. This trade represents a ∞ increase in their position. 0.29% of the stock is owned by company insiders.

About RB Global

RB Global, Inc (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.