RB Global (TSE:RBA) Hits New 52-Week High - What's Next?

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 on Wednesday . The company traded as high as C$162.76 and last traded at C$162.46, with a volume of 216128 shares changing hands. The stock had previously closed at C$160.75.

Analyst Upgrades and Downgrades

Separately, National Bank Financial downgraded shares of RB Global from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 25th.

RB Global Stock Performance

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 stock has a market cap of C$20.59 billion, a P/E ratio of 70.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The firm's 50 day moving average is C$148.38 and its 200 day moving average is C$143.21.

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.