RB Global (TSE:RBA) Reaches New 1-Year High - Here's What Happened

Key Points

• RB Global's share price reached a new 52-week high of C$162.76 during trading, reflecting a significant increase as it traded up 1.1% from a previous close of C$160.75.
• National Bank Financial downgraded RB Global's rating from "strong-buy" to "hold," indicating a shift in analyst sentiment towards the stock.
• The company's market capitalization stands at C$20.99 billion, with a P/E ratio of 71.38 and a debt-to-equity ratio of 74.28, highlighting its financial metrics amid recent trading activity.

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA's share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$162.76 and last traded at C$162.46, with a volume of 216128 shares. The stock had previously closed at C$160.75.

Analyst Upgrades and Downgrades

Separately, National Bank Financial cut RB Global from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 25th.

RB Global Trading Up 1.1%

The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 74.28. The stock has a fifty day simple moving average of C$147.32 and a 200 day simple moving average of C$142.49. The firm has a market capitalization of C$20.99 billion, a P/E ratio of 71.38, a PEG ratio of 2.43 and a beta of 0.93.

About RB Global

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.

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