Chloe Harford Buys 1,200 Shares of RB Global (TSE:RBA) Stock

RB Global, Inc. (TSE:RBA) (NYSE:RBA) Director Chloe Harford purchased 1,200 shares of the business’s stock in a transaction on Monday, August 24th. The shares were acquired at an average price of C$118.12 per share, with a total value of C$141,744.00. Following the completion of the transaction, the director owned 1,200 shares of the company’s stock, valued at approximately C$141,744. This trade represents a ? increase in their ownership of the stock.

RB Global Trading Up 1.4%

RBA stock traded up C$1.64 during midday trading on Tuesday, hitting C$118.19. The company had a trading volume of 307,446 shares, compared to its average volume of 278,044. The stock has a market cap of C$21.89 billion, a price-to-earnings ratio of 50.94, a PEG ratio of 2.43 and a beta of 0.03. The company has a current ratio of 1.31, a quick ratio of 0.99 and a debt-to-equity ratio of 74.64. The stock’s 50 day moving average price is C$148.13 and its 200 day moving average price is C$143.18. RB Global, Inc. has a 52 week low of C$113.81 and a 52 week high of C$166.51.

Wall Street Analyst Weigh In

RBA has been the topic of a number of research reports. Raymond James Financial raised shares of RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 target price on the stock in a research note on Tuesday, June 30th. Barclays upgraded shares of RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$134.50.

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.