RB Global (TSE:RBA) Stock Crosses Above 200 Day Moving Average – What’s Next?

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$148.60 and traded as high as C$160.29. RB Global shares last traded at C$158.34, with a volume of 268,875 shares.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$124.00 target price on RB Global and gave the stock an “outperform” rating in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, RB Global presently has a consensus rating of “Moderate Buy” and an average price target of C$124.00.

RB Global Price Performance

The firm has a market cap of C$29.40 billion, a P/E ratio of 75.40, a P/E/G ratio of 2.43 and a beta of 0.47. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 74.28. The business’s 50 day moving average is C$144.29 and its two-hundred day moving average is C$148.60.

RB Global (TSE:RBA) (NYSE:RBA) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.93 earnings per share for the quarter. RB Global had a return on equity of 6.35% and a net margin of 10.01%.The firm had revenue of C$1.52 billion during the quarter. As a group, analysts anticipate that RB Global, Inc. will post 5.0577819 earnings per share for the current year.

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. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms.