RB Global (TSE:RBA) Sets New 1-Year High - Time to Buy?

Key Points

• RB Global reached a new 52-week high during trading, peaking at C$164.85 with a closing price of C$164.48.
• National Bank Financial downgraded RB Global from a "strong-buy" to a "hold" rating, reflecting a cautious outlook.
• The company operates the world's leading marketplace for heavy equipment, with over 40 live auction sites across more than 12 countries.

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA's share price reached a new 52-week high during trading on Friday . The stock traded as high as C$164.85 and last traded at C$164.48, with a volume of 105160 shares traded. The stock had previously closed at C$162.70.

Analyst Ratings Changes

Separately, National Bank Financial lowered RB Global from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

RB Global Stock Up 0.7%

The stock has a market cap of C$30.41 billion, a PE ratio of 80.70, a price-to-earnings-growth ratio of 2.43 and a beta of 0.32. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 74.28. The business has a 50-day moving average price of C$156.25 and a 200-day moving average price of C$146.91.

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.