RB Global Inc (NYSE:RBA) does about 1.36M shares in volume on a normal day but saw 1917645 shares change hands in Monday’s trading. The company now has a market cap of 14.37B USD. Its current market price is $78.19, marking an increase of 0.76% compared to the previous close of $77.60. The 52 week high reached by this stock is $81.74 whilst the lowest price level in 52 weeks is $55.09.
RB Global Inc (RBA) has a 20-day trading average at $76.40 and the current price is -4.34% off the 52-week high compared with 41.93% distance from its 52-week low. The 50-day simple moving average of the closing price is $74.75 and its 200-day simple moving average is $69.07. If we look at the stock’s price movements over the week, volatility stands at 2.81%, which decreases to 2.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.12 to suggest the stock is neutral.
The consensus objective for the share price is $87.00, suggesting that the stock has a potential upside of 10.13% over the period.
Raymond James upgraded the stock to “Outperform” from Mkt Perform on July 20, 2023 at a price target of $60-$75. National Bank Financial upgraded its price target at $61.
RB Global Inc (RBA) stock is down -2.26% over the week and 2.87% over the past month. Its price is 16.89% year-to-date and 37.61% over the past year.
To reach the target analysts have set, the stock logically needs to grow 10.13 percent from here.
The company has a return on investment of 3.10% and return on equity of 6.28%. The price to earnings ratio (P/E ratio) amounts to 47.27 while the forward price to earnings ratio is 21.99. The beta has a value of 0.91. Price to book ratio is 2.83 and price to sales ratio is 3.39.
