RB Global (TSE:RBA) Sets New 52-Week Low – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$111.53 and last traded at C$112.22, with a volume of 74110 shares trading hands. The stock had previously closed at C$112.89.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RBA shares. Barclays raised shares of RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. 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 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$134.50.

RB Global Price Performance

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 business’s fifty day moving average price is C$138.91 and its 200-day moving average price is C$140.53. The stock has a market capitalization of C$20.69 billion, a price-to-earnings ratio of 48.16, a PEG ratio of 2.43 and a beta of -0.13.

Insider Transactions at RB Global

In related news, Director Chloe Harford acquired 1,200 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was purchased at an average cost of C$118.12 per share, with a total value of C$141,744.00. Following the acquisition, the director owned 1,200 shares of the company’s stock, 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

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.