RB Global (TSE:RBA) Shares Pass Above 200-Day Moving Average – Should You Sell?

by · The Cerbat Gem

RB Global, Inc. (TSE:RBA – Get Free Report) (NYSE:RBA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$148.02 and traded as high as C$156.00. RB Global shares last traded at C$155.25, with a volume of 310,963 shares changing hands.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on RB Global

RB Global Trading Up 1.2%

The firm has a market capitalization of C$29.17 billion, a P/E ratio of 74.80, a price-to-earnings-growth ratio of 2.43 and a beta of 0.47. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 74.28. The firm’s 50-day simple moving average is C$142.63 and its 200-day simple moving average is C$148.13.

RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.93 EPS for the quarter. The firm had revenue of C$1.52 billion for the quarter. RB Global had a net margin of 10.01% and a return on equity of 6.35%. Analysts anticipate that RB Global, Inc. will post 5.0577819 EPS for the current year.

About RB Global

(Get Free Report)

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.

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