RB Global (TSE:RBA) Director Acquires C$141,744.00 in Stock

RB Global, Inc. (TSE:RBA) (NYSE:RBA) Director Chloe Harford purchased 1,200 shares of RB Global stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of C$118.12 per share, for a total transaction of C$141,744.00. Following the completion of the transaction, 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.

RB Global Price Performance

RBA opened at C$119.02 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 74.64. RB Global, Inc. has a 52-week low of C$113.81 and a 52-week high of C$166.51. The company has a 50 day moving average of C$145.99 and a two-hundred day moving average of C$142.32. The company has a market cap of C$22.04 billion, a P/E ratio of 51.30, a P/E/G ratio of 2.43 and a beta of 0.03.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RBA shares. Barclays upgraded RB Global to a “strong-buy” rating in a report on Thursday, May 28th. Raymond James Financial upgraded 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 research note on Tuesday, June 30th. Two research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$134.50.

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.