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 company traded as low as C$119.85 and last traded at C$120.69, with a volume of 283959 shares changing hands. The stock had previously closed at C$124.86.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RBA shares. Stephens upgraded RB Global to a “hold” rating in a research note on Thursday, April 16th. Barclays upgraded RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial upgraded shares of RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 target price 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 given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, RB Global has a consensus rating of “Buy” and a consensus price target of C$134.50.

RB Global Price Performance

The stock’s 50-day moving average is C$153.37 and its 200 day moving average is C$145.65. 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 company has a market cap of C$22.37 billion, a PE ratio of 52.06, a PEG ratio of 2.43 and a beta of 0.03.

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.