RB Global (TSE:RBA) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$147.45 and traded as low as C$140.57. RB Global shares last traded at C$143.68, with a volume of 288,502 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial 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 research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$124.00.

RB Global Trading Down 1.1%

The company has a market cap of C$25.80 billion, a P/E ratio of 68.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.24. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 91.08. The firm’s 50-day moving average price is C$148.65 and its 200-day moving average price is C$147.24.

RB Global (TSE:RBA) (NYSE:RBA) last released its quarterly earnings data on Tuesday, February 17th. The company reported C$1.52 EPS for the quarter. RB Global had a net margin of 9.32% and a return on equity of 7.25%. The company had revenue of C$1.58 billion during the quarter. As a group, equities research analysts expect that RB Global, Inc. will post 5.0577819 earnings per share for the current fiscal 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.