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RB Global (TSE:RBA) Reaches New 1-Year High - Still a Buy?

RB Global logo with Industrials background

Key Points

  • RB Global's shares hit a new 52-week high at C$163.37 during recent trading, with a market capitalization of C$30.41 billion.
  • Analysts have recently downgraded the stock from "strong-buy" to "hold", with an average rating of "Hold" currently.
  • The company operates the world's leading marketplace for heavy equipment, expanding from live auctions to online sales across multiple sectors.
  • Five stocks to consider instead of RB Global.

Shares of RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA hit a new 52-week high during trading on Thursday . The company traded as high as C$163.37 and last traded at C$163.34, with a volume of 12261 shares changing hands. The stock had previously closed at C$161.17.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Read Our Latest Report on RBA

RB Global Stock Performance

The firm has a market capitalization of C$30.41 billion, a P/E ratio of 80.71, a P/E/G ratio of 2.43 and a beta of 0.32. The firm has a 50-day moving average price of C$153.80 and a two-hundred day moving average price of C$146.10. The company has a debt-to-equity ratio of 74.28, a current ratio of 1.28 and a quick ratio of 1.00.

About RB Global

(Get Free Report)

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.

See Also

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