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

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price reached a new 52-week low during trading on Monday. The company traded as low as C$110.15 and last traded at C$111.36, with a volume of 560,833 shares. The stock had previously closed at C$119.32.

Analysts Set New Price Targets

Separately, Raymond James Financial raised 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. Two equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$134.50.

RB Global Price Performance

The company has a 50-day moving average of C$118.02 and a 200-day moving average of C$136.82. 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 firm has a market capitalization of C$20.68 billion, a price-to-earnings ratio of 48.12, a price-to-earnings-growth ratio of 2.43 and a beta of -0.04.

Insider Activity at RB Global

In other news, Director Chloe Harford acquired 1,200 shares of RB Global 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 transaction, the director directly 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. 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.