RB Global (TSE:RBA) Given a C$124.00 Price Target by National Bankshares Analysts

by · The Markets Daily

RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) has been given a C$124.00 target price by stock analysts at National Bankshares in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential downside of 12.16% from the company’s current price.

RB Global Trading Down 1.3%

Shares of TSE RBA traded down C$1.91 during mid-day trading on Monday, reaching C$141.17. The company had a trading volume of 66,868 shares, compared to its average volume of 282,540. The stock has a market cap of C$26.21 billion, a price-to-earnings ratio of 67.22, a price-to-earnings-growth ratio of 2.43 and a beta of 0.37. RB Global has a 52 week low of C$125.00 and a 52 week high of C$164.85. The business’s 50-day moving average is C$140.49 and its 200-day moving average is C$147.76. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 74.28.

RB Global (TSE:RBA – Get Free Report) (NYSE:RBA) last announced its quarterly earnings data 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 during the quarter. RB Global had a net margin of 10.01% and a return on equity of 6.35%. Equities analysts expect that RB Global will post 5.0577819 earnings per share 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.

Read More