RB Global (TSE:RBA) Sets New 12-Month Low – Here’s What Happened

RB Global, Inc. (TSE:RBAGet Free Report) (NYSE:RBA) shares reached a new 52-week low on Thursday . The company traded as low as C$112.20 and last traded at C$113.15, with a volume of 152901 shares traded. The stock had previously closed at C$114.78.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RBA. Barclays upgraded shares of RB Global to a “strong-buy” rating in a research report on Thursday, May 28th. Raymond James Financial raised RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 price objective for the company in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$134.50.

Check Out Our Latest Analysis on RBA

RB Global Stock Down 1.8%

The firm’s 50-day moving average price is C$142.83 and its 200 day moving average price is C$141.29. The firm has a market cap of C$20.87 billion, a P/E ratio of 48.57, a PEG ratio of 2.43 and a beta of 0.03. 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 Buying and Selling

In other news, Director Chloe Harford acquired 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 directly owned 1,200 shares of the company’s stock, valued at approximately C$141,744. The trade was a ∞ increase in their position. 0.29% of the stock is currently owned by corporate insiders.

RB Global Company Profile

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Ritchie Bros. operates the world’s leading marketplace for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. Ritchie Bros. operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.

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