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

RB Global, Inc. (TSE:RBA) (NYSE:RBA) Director Chloe Harford acquired 1,200 shares of the stock in a transaction dated Monday, August 24th. The stock was bought at an average price of C$118.12 per share, with a total value of C$141,744.00. Following the purchase, the director directly owned 1,200 shares in the company, valued at C$141,744. This represents a ∞ increase in their ownership of the stock.

RB Global Stock Up 1.4%

Shares of TSE:RBA traded up C$1.64 during trading on Tuesday, reaching C$118.19. 307,446 shares of the stock were exchanged, compared to its average volume of 278,044. RB Global, Inc. has a 1-year low of C$113.81 and a 1-year high of C$166.51. The firm has a market cap of C$21.89 billion, a price-to-earnings ratio of 50.94, a price-to-earnings-growth ratio of 2.43 and a beta of 0.03. The stock has a fifty day moving average of C$148.13 and a two-hundred day moving average of C$143.18. The company has a debt-to-equity ratio of 74.64, a current ratio of 1.31 and a quick ratio of 0.99.

Wall Street Analysts Forecast Growth

RBA has been the topic of several recent analyst 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 report on Tuesday, June 30th. Barclays upgraded RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Two research 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 company’s stock. According to data from MarketBeat, RB Global currently has a consensus rating of “Buy” and a consensus target price of C$134.50.

RB Global Company Profile

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.