RB Global (TSE:RBA) Reaches New 12-Month Low – Time to Sell?

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$119.85 and last traded at C$120.69, with a volume of 283959 shares. The stock had previously closed at C$124.86.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBA. Barclays upgraded shares of RB Global to a “strong-buy” rating in a report on Thursday, May 28th. Raymond James Financial raised RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 price target for the company in a research report on Tuesday, June 30th. Finally, Stephens raised RB Global to a “hold” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$134.50.

RB Global Trading Down 0.2%

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$22.28 billion, a price-to-earnings ratio of 51.86, a P/E/G ratio of 2.43 and a beta of 0.03. The company has a 50 day moving average price of C$152.41 and a two-hundred day moving average price of C$145.10.

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.