RB Global (NYSE:RBA - Get Free Report) TSE: RBA was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Monday.
Several other equities analysts have also recently issued reports on RBA. Royal Bank of Canada lifted their price objective on RB Global from $99.00 to $107.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Robert W. Baird lifted their price target on RB Global from $86.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. BMO Capital Markets raised their target price on shares of RB Global from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, CIBC upped their price target on shares of RB Global from $102.00 to $109.00 and gave the company an "outperformer" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, RB Global has an average rating of "Moderate Buy" and an average price target of $100.36.
Get Our Latest Report on RB Global
RB Global Price Performance
Shares of RBA stock traded up $0.93 during midday trading on Monday, reaching $91.32. 843,961 shares of the company traded hands, compared to its average volume of 794,460. The firm's 50 day simple moving average is $92.91 and its two-hundred day simple moving average is $86.56. RB Global has a 1-year low of $62.20 and a 1-year high of $99.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.28 and a quick ratio of 1.17. The firm has a market cap of $16.87 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 3.39 and a beta of 0.96.
Institutional Trading of RB Global
A number of hedge funds have recently bought and sold shares of the company. Arlington Partners LLC lifted its stake in shares of RB Global by 22.3% during the 3rd quarter. Arlington Partners LLC now owns 49,180 shares of the business services provider's stock worth $3,958,000 after purchasing an additional 8,961 shares during the period. Central Pacific Bank Trust Division purchased a new position in RB Global during the fourth quarter worth about $27,000. CIBC Asset Management Inc boosted its stake in RB Global by 57.1% in the 3rd quarter. CIBC Asset Management Inc now owns 984,364 shares of the business services provider's stock worth $80,076,000 after buying an additional 357,761 shares during the last quarter. Diversified Trust Co grew its holdings in RB Global by 48.9% in the 4th quarter. Diversified Trust Co now owns 63,119 shares of the business services provider's stock valued at $5,694,000 after buying an additional 20,724 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of RB Global by 53.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 59,695 shares of the business services provider's stock valued at $4,805,000 after acquiring an additional 20,795 shares during the last quarter. Institutional investors and hedge funds own 95.37% of the company's stock.
About RB Global
(
Get Free Report)
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.
Further Reading
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