RB Global (TSE:RBA) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$138.64 and traded as low as C$115.61. RB Global shares last traded at C$116.48, with a volume of 196,355 shares changing hands.

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 price objective on the stock in a research report on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$134.50.

RB Global Price Performance

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 company has a 50-day moving average of C$128.00 and a 200-day moving average of C$138.49. The stock has a market capitalization of C$21.62 billion, a price-to-earnings ratio of 50.32, a P/E/G ratio of 2.43 and a beta of -0.13.

Insider Buying and Selling at RB Global

In related news, Director Chloe Harford purchased 1,200 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was bought 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 directly owned 1,200 shares in the company, valued at C$141,744. The trade was a ∞ increase in their position. 0.29% of the stock is currently owned by company insiders.

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.