RB Global (TSE:RBA) Sets New 1-Year Low – Should You Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$129.38 and last traded at C$129.94, with a volume of 609658 shares. The stock had previously closed at C$134.05.

Analysts Set New Price Targets

RBA has been the topic of a number of research reports. Barclays upgraded RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Stephens upgraded shares of RB Global to a “hold” rating in a research note on Thursday, April 16th. Finally, Raymond James Financial upgraded shares of RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 price objective for the company in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$134.50.

RB Global Stock Performance

The stock has a 50-day moving average price of C$154.06 and a 200 day moving average price of C$146.15. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 74.64. The firm has a market capitalization of C$24.46 billion, a price-to-earnings ratio of 56.93, a P/E/G ratio of 2.43 and a beta of 0.03.

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.