RB Global (TSE:RBA) Reaches New 1-Year Low – Should You Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$119.85 and last traded at C$120.69, with a volume of 283959 shares trading hands. The stock had previously closed at C$124.86.

Analyst Upgrades and Downgrades

RBA has been the subject of several recent analyst reports. Stephens raised RB Global to a “hold” rating in a report on Thursday, April 16th. Raymond James Financial raised shares of 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 report on Tuesday, June 30th. Finally, Barclays upgraded shares of RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Two investment 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$134.50.

RB Global Price Performance

The firm has a market cap of C$22.37 billion, a PE ratio of 52.06, a price-to-earnings-growth ratio of 2.43 and a beta of 0.03. The stock has a 50 day simple moving average of C$153.37 and a two-hundred day simple moving average of C$145.65. The company has a debt-to-equity ratio of 74.64, a quick ratio of 0.99 and a current ratio of 1.31.

RB Global Company Profile

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.