RB Global (TSE:RBA) Share Price Crosses Above Two Hundred Day Moving Average of $91.80

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$91.80 and traded as high as C$101.23. RB Global shares last traded at C$99.84, with a volume of 117,344 shares traded.

Analysts Set New Price Targets

Separately, Scotiabank boosted their target price on RB Global from C$74.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th.

RB Global Stock Down 0.9 %

The stock has a 50-day moving average of C$100.38 and a two-hundred day moving average of C$91.80. The company has a market cap of C$18.30 billion, a P/E ratio of 70.81, a P/E/G ratio of 2.43 and a beta of 0.87. The company has a debt-to-equity ratio of 86.55, a quick ratio of 1.00 and a current ratio of 1.35.

RB Global (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings data on Friday, February 23rd. The company reported C$0.56 earnings per share for the quarter, meeting the consensus estimate of C$0.56. RB Global had a return on equity of 6.06% and a net margin of 5.61%. The firm had revenue of C$1.42 billion during the quarter, compared to the consensus estimate of C$1.41 billion. On average, research analysts anticipate that RB Global, Inc. will post 4.4459045 EPS for the current fiscal year.

RB Global Cuts Dividend

The business also recently disclosed a 1 dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 1st were given a $1.431 dividend. The ex-dividend date was Friday, March 1st. RB Global’s payout ratio is currently 104.26%.

Insider Buying and Selling at RB Global

In other RB Global news, Senior Officer Baron Concors sold 15,658 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$76.80, for a total value of C$1,202,534.40. Following the completion of the sale, the insider now owns -205 shares in the company, valued at C($15,744). Corporate insiders own 0.30% of the company’s stock.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.