RB Global (TSE:RBA) Reaches New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of analyst reports. Raymond James Financial raised shares of 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 research note on Tuesday, June 30th. Barclays upgraded shares of RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. 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 company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$134.50.

RB Global Price Performance

The firm has a 50 day moving average of C$136.89 and a 200-day moving average of C$140.11. The company has a market cap of C$20.64 billion, a P/E ratio of 48.04, a P/E/G ratio of 2.43 and a beta of -0.13. The company has a current ratio of 1.31, a quick ratio of 0.99 and a debt-to-equity ratio of 74.64.

Insider Activity at RB Global

In related news, Director Chloe Harford bought 1,200 shares of the stock in a transaction dated Monday, August 24th. The shares were purchased at an average price 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 C$141,744. This represents a ∞ increase in their ownership of the stock. 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.