RB Global (TSE:RBA) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• RB Global (TSE:RBA) shares have crossed above their 200-day moving average, reaching a price of C$148.30.
• National Bank Financial has downgraded RB Global from a "strong-buy" to a "hold" rating.
• The company's market cap is approximately C$19.16 billion with a price-to-earnings ratio of 65.16.

RB Global, Inc. (TSE:RBA - Get Free Report) NYSE: RBA crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$140.32 and traded as high as C$148.66. RB Global shares last traded at C$148.30, with a volume of 170,622 shares.

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.

RB Global Stock Up 0.6%

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 firm has a 50-day moving average of C$146.03 and a two-hundred day moving average of C$140.32. The firm has a market cap of C$19.16 billion, a price-to-earnings ratio of 65.16, a PEG ratio of 2.43 and a beta of 0.93.

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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