RB Global (TSE:RBA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$146.22 and traded as high as C$157.83. RB Global shares last traded at C$157.44, with a volume of 148,678 shares changing hands.

Wall Street Analysts Forecast Growth

RBA has been the subject of several recent research reports. Raymond James Financial raised RB Global from a “moderate buy” rating to a “strong-buy” rating and set a C$145.00 price target for the company in a report on Tuesday, June 30th. Barclays raised RB Global to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Stephens raised shares of RB Global to a “hold” rating in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$134.50.

RB Global Price Performance

The company has a market capitalization of C$29.33 billion, a P/E ratio of 73.23, a PEG ratio of 2.43 and a beta of 0.05. The company has a quick ratio of 0.99, a current ratio of 1.14 and a debt-to-equity ratio of 69.55. The business has a 50 day simple moving average of C$152.81 and a 200-day simple moving average of C$146.22.

RB Global (TSE:RBA) (NYSE:RBA) last released its quarterly earnings data on Monday, May 4th. The company reported C$1.40 earnings per share for the quarter. RB Global had a net margin of 9.53% and a return on equity of 7.47%. The business had revenue of C$1.23 billion for the quarter. Analysts predict that RB Global, Inc. will post 5.0577819 EPS for the current fiscal 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.