RB Global (TSE:RBA) Reaches New 12-Month Low – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price hit 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 Ratings Changes

RBA has been the subject of several analyst reports. Barclays raised RB Global to a “strong-buy” rating in a report on Thursday, May 28th. Raymond James Financial raised shares of RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 target price on the stock in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$134.50.

RB Global Price Performance

The company has a fifty day simple moving average of C$142.83 and a two-hundred day simple moving average of C$141.29. The company has a debt-to-equity ratio of 74.64, a quick ratio of 0.99 and a current ratio of 1.31. The stock has a market capitalization of C$20.87 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 2.43 and a beta of 0.03.

Insider Buying and Selling at RB Global

In other news, Director Chloe Harford bought 1,200 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of C$118.12 per share, with a total value of C$141,744.00. Following the completion of the acquisition, the director owned 1,200 shares of the company’s stock, valued at approximately C$141,744. This represents a ∞ increase in their ownership of the stock. Company insiders own 0.29% of the company’s stock.

About RB Global

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.