RB Global (TSE:RBA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$148.60 and traded as high as C$160.29. RB Global shares last traded at C$158.34, with a volume of 268,875 shares.

Analysts Set New Price Targets

Separately, National Bankshares set a C$124.00 price target on RB Global and gave the company an “outperform” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, RB Global has an average rating of “Moderate Buy” and a consensus price target of C$124.00.

RB Global Trading Down 1.4%

The company has a debt-to-equity ratio of 74.28, a quick ratio of 1.00 and a current ratio of 1.28. The company’s 50-day moving average price is C$144.29 and its 200-day moving average price is C$148.64. The firm has a market capitalization of C$29.40 billion, a PE ratio of 75.40, a PEG ratio of 2.43 and a beta of 0.47.

RB Global (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.93 earnings per share for the quarter. The company had revenue of C$1.52 billion for the quarter. RB Global had a return on equity of 6.35% and a net margin of 10.01%. On average, sell-side analysts expect that RB Global, Inc. will post 5.0577819 earnings per share for the current year.

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. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.