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

RB Global, Inc. (TSE:RBAGet Free Report) (NYSE:RBA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$148.60 and traded as high as C$160.29. RB Global shares last traded at C$158.34, with a volume of 268,875 shares trading hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on RBA

RB Global Trading Down 1.4%

The business has a fifty day moving average of C$144.29 and a 200-day moving average of C$148.60. The company has a debt-to-equity ratio of 74.28, a quick ratio of 1.00 and a current ratio of 1.28. The company has a market capitalization of C$29.40 billion, a P/E ratio of 75.40, a PEG ratio of 2.43 and a beta of 0.47.

RB Global (TSE:RBAGet Free Report) (NYSE:RBA) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. RB Global had a net margin of 10.01% and a return on equity of 6.35%. The business had revenue of C$1.52 billion during the quarter. Analysts anticipate that RB Global, Inc. will post 5.0577819 earnings per share for the current fiscal year.

RB Global Company Profile

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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.

Further Reading

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