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

RB Global, Inc. (TSE:RBA) (NYSE:RBA) hit a new 52-week low 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.

Analyst Upgrades and Downgrades

Separately, 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 report on Tuesday, June 30th. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$134.50.

RB Global Trading Up 0.9%

The firm has a market capitalization of C$21.04 billion, a P/E ratio of 48.98, a P/E/G ratio of 2.43 and a beta of -0.04. The company has a current ratio of 1.31, a quick ratio of 0.99 and a debt-to-equity ratio of 74.64. The firm has a 50-day moving average of C$117.43 and a two-hundred day moving average of C$136.53.

Insiders Place Their Bets

In other RB Global news, Director Chloe Harford acquired 1,200 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of C$118.12 per share, with a total value of C$141,744.00. Following the purchase, the director directly owned 1,200 shares of the company’s stock, valued at C$141,744. This trade represents a ∞ increase in their ownership of the stock. Insiders own 0.29% of the company’s stock.

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.