RB Global (TSE:RBA) Hits New 52-Week High - Still a Buy?

Key Points

• RB Global has reached a new 52-week high of C$156.00, closing recently at C$152.22 with a volume of 421,130 shares traded.
• National Bank Financial has downgraded the company's stock rating from "strong-buy" to "hold".
• RB Global operates a leading marketplace for heavy equipment with a market capitalization of C$19.72 billion and a PE ratio of 67.08.

Shares of RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$156.00 and last traded at C$152.22, with a volume of 421130 shares. The stock had previously closed at C$149.40.

Analyst Upgrades and Downgrades

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

RB Global Price Performance

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 company has a market capitalization of C$20.57 billion, a price-to-earnings ratio of 69.95, a PEG ratio of 2.43 and a beta of 0.93. The company has a 50 day moving average price of C$146.65 and a 200 day moving average price of C$142.14.

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.