RB Global (TSE:RBA) Sets New 12-Month High - Should You 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.

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA hit a new 52-week high on Thursday . The company 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.

Analysts Set New Price Targets

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

RB Global Stock Up 2.2%

The company's fifty day simple moving average is C$146.20 and its 200 day simple moving average is C$141.62. The firm has a market capitalization of C$19.72 billion, a PE ratio of 67.08, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 74.28.

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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