RB Global (TSE:RBA) Hits New 12-Month Low – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James Financial upgraded 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 report 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 issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, RB Global has a consensus rating of “Buy” and a consensus price target of C$134.50.

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RB Global Trading Up 0.8%

The firm’s 50 day moving average price is C$140.88 and its 200-day moving average price is C$140.95. 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 stock has a market cap of C$21.41 billion, a P/E ratio of 49.83, a P/E/G ratio of 2.43 and a beta of -0.13.

Insider Transactions at RB Global

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

RB Global Company Profile

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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.

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