RB Global (TSE:RBA) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

RB Global, Inc. (TSE:RBA) (NYSE:RBA) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$137.04 and traded as low as C$124.71. RB Global shares last traded at C$125.45, with a volume of 588,502 shares.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial raised RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 target price for the company in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$134.50.

RB Global Stock Performance

The stock has a market capitalization of C$22.90 billion, a PE ratio of 53.30, a price-to-earnings-growth ratio of 2.43 and a beta of -0.04. The company has a quick ratio of 0.99, a current ratio of 1.31 and a debt-to-equity ratio of 74.64. The stock has a fifty day moving average of C$118.28 and a 200-day moving average of C$136.91.

Insider Buying and Selling at RB Global

In other news, Director Chloe Harford bought 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of C$118.12 per share, for a total transaction of C$141,744.00. Following the completion of the purchase, the director owned 1,200 shares of the company’s stock, valued at approximately C$141,744. This represents a ? increase in their ownership of the stock. Insiders own 0.29% of the company’s stock.

RB Global Company Profile

RB Global, Inc (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.