RB Global (TSE:RBA) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$146.50 and traded as low as C$136.30. RB Global shares last traded at C$136.92, with a volume of 292,977 shares.

Analyst Ratings Changes

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 data from MarketBeat, RB Global presently has an average rating of “Buy” and a consensus price target of C$124.00.

RB Global Stock Performance

The company has a market capitalization of C$24.47 billion, a price-to-earnings ratio of 64.53, a P/E/G ratio of 2.43 and a beta of 0.24. The stock has a 50 day simple moving average of C$147.36 and a 200 day simple moving average of C$146.31. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 91.08.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings results on Tuesday, February 17th. The company reported C$1.52 earnings per share (EPS) for the quarter. RB Global had a return on equity of 7.25% and a net margin of 9.32%.The business had revenue of C$1.58 billion for the quarter. As a group, analysts anticipate 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.