RB Global (TSE:RBA) Reaches New 12-Month High - Time to Buy?

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.

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA's share price reached a new 52-week high during mid-day 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 trading hands. The stock had previously closed at C$161.17.

Analysts Set New Price Targets

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

RB Global Stock Performance

The firm has a 50-day moving average of C$154.90 and a two-hundred day moving average of C$146.45. 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 company has a market capitalization of C$29.98 billion, a PE ratio of 79.56, a PEG ratio of 2.43 and a beta of 0.32.

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.