RB Global (TSE:RBA) Sets New 1-Year Low – Time to Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$110.15 and last traded at C$111.36, with a volume of 560,833 shares traded. The stock had previously closed at C$119.32.

Analysts Set New Price Targets

Separately, Raymond James Financial upgraded shares of RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 target price for the company in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RB Global currently has an average rating of “Buy” and an average price target of C$134.50.

RB Global Stock Down 6.4%

The company has a market cap of C$20.68 billion, a P/E ratio of 48.12, a PEG ratio of 2.43 and a beta of -0.04. The stock has a 50-day moving average of C$118.02 and a 200 day moving average of C$136.82. The company has a debt-to-equity ratio of 74.64, a current ratio of 1.31 and a quick ratio of 0.99.

Insider Activity at RB Global

In other news, Director Chloe Harford purchased 1,200 shares of RB Global stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of C$118.12 per share, for a total transaction of C$141,744.00. Following the transaction, the director owned 1,200 shares of the company’s stock, valued at approximately C$141,744. The trade was a ∞ increase in their position. Insiders own 0.29% of the company’s stock.

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.