RB Global (TSE:RBA) Share Price Passes Above Two Hundred Day Moving Average of $92.88

RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$92.88 and traded as high as C$100.06. RB Global shares last traded at C$99.73, with a volume of 144,158 shares traded.

Wall Street Analysts Forecast Growth

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

RB Global Trading Up 0.9 %

The company’s 50 day simple moving average is C$101.38 and its two-hundred day simple moving average is C$92.88. The company has a quick ratio of 1.00, a current ratio of 1.35 and a debt-to-equity ratio of 86.55. The company has a market capitalization of C$18.28 billion, a price-to-earnings ratio of 70.23, a P/E/G ratio of 2.43 and a beta of 0.87.

RB Global (TSE:RBA) (NYSE:RBA) last announced its earnings results on Friday, February 23rd. The company reported C$0.56 earnings per share for the quarter, hitting 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 for the quarter, compared to the consensus estimate of C$1.41 billion. As a group, research analysts anticipate that RB Global, Inc. will post 4.505244 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Baron Concors sold 15,658 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$76.80, for a total transaction of C$1,202,534.40. Following the completion of the transaction, the insider now owns -205 shares of the company’s stock, 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.