RB Global (TSE:RBA) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$147.67 and traded as low as C$144.16. RB Global shares last traded at C$146.93, with a volume of 283,757 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$124.00 price target on RB Global and gave the company an “outperform” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$124.00.

RB Global Stock Down 0.6%

The firm’s fifty day moving average price is C$140.52 and its 200-day moving average price is C$147.67. The company has a debt-to-equity ratio of 74.28, a current ratio of 1.28 and a quick ratio of 1.00. The firm has a market capitalization of C$27.28 billion, a P/E ratio of 69.97, a PEG ratio of 2.43 and a beta of 0.47.

RB Global (TSE:RBA) (NYSE:RBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. The firm had revenue of C$1.52 billion for the quarter. RB Global had a return on equity of 6.35% and a net margin of 10.01%. As a group, equities research analysts forecast that RB Global, Inc. will post 5.0577819 earnings per share for the current year.

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.