RB Global (TSE:RBA) Downgraded to “Hold” Rating by National Bank Financial

National Bank Financial downgraded shares of RB Global (TSE:RBA) (NYSE:RBA) from a strong-buy rating to a hold rating in a research report released on Sunday,Zacks.com reports.

RB Global Stock Performance

Shares of RB Global stock opened at C$144.69 on Friday. The company has a debt-to-equity ratio of 74.28, a quick ratio of 1.00 and a current ratio of 1.28. The firm has a market cap of C$18.69 billion, a PE ratio of 63.57, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93. RB Global has a 1 year low of C$95.96 and a 1 year high of C$152.48. The firm’s 50-day simple moving average is C$140.48 and its 200-day simple moving average is C$136.83.

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.