RB Global (TSE:RBA) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

RB Global, Inc. (TSE:RBAGet Free Report) (NYSE:RBA)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$147.45 and traded as low as C$140.57. RB Global shares last traded at C$143.68, with a volume of 288,502 shares.

Analyst Ratings Changes

Separately, National Bank Financial set a C$124.00 price objective on shares of RB Global and gave the stock an “outperform” rating in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$124.00.

Check Out Our Latest Report on RB Global

RB Global Stock Up 1.6%

The company has a market capitalization of C$26.71 billion, a PE ratio of 70.43, a P/E/G ratio of 2.43 and a beta of 0.24. The company has a debt-to-equity ratio of 91.08, a current ratio of 1.10 and a quick ratio of 1.00. The company has a 50-day moving average of C$148.77 and a two-hundred day moving average of C$147.45.

RB Global (TSE:RBAGet Free Report) (NYSE:RBA) last issued its quarterly earnings results on Tuesday, February 17th. The company reported C$1.52 EPS for the quarter. RB Global had a return on equity of 7.25% and a net margin of 9.32%.The business had revenue of C$1.58 billion during the quarter. Sell-side 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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