RB Global (NYSE:RBA - Get Free Report) TSE: RBA had its target price lifted by investment analysts at BMO Capital Markets from $105.00 to $107.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. BMO Capital Markets' price target indicates a potential upside of 13.96% from the stock's previous close.
RBA has been the topic of a number of other research reports. Raymond James increased their price target on RB Global from $95.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Robert W. Baird boosted their price target on RB Global from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday. Royal Bank of Canada increased their price objective on shares of RB Global from $93.00 to $99.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Finally, Bank of America boosted their target price on shares of RB Global from $79.00 to $92.50 and gave the company a "neutral" rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, RB Global has an average rating of "Moderate Buy" and an average target price of $97.21.
Read Our Latest Analysis on RB Global
Shares of RBA traded up $2.03 during midday trading on Monday, reaching $93.89. 206,229 shares of the stock were exchanged, compared to its average volume of 1,015,091. RB Global has a twelve month low of $58.85 and a twelve month high of $94.54. The company has a market cap of $17.31 billion, a P/E ratio of 51.23, a PEG ratio of 5.99 and a beta of 0.92. The stock's 50 day simple moving average is $83.66 and its 200 day simple moving average is $79.77. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 0.55.
In other RB Global news, CRO James J. Jeter sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $85.55, for a total value of $256,650.00. Following the sale, the executive now owns 20,267 shares in the company, valued at $1,733,841.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other RB Global news, CEO James Francis Kessler sold 17,883 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $84.19, for a total value of $1,505,569.77. Following the completion of the transaction, the chief executive officer now directly owns 86,247 shares in the company, valued at approximately $7,261,134.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO James J. Jeter sold 3,000 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $85.55, for a total transaction of $256,650.00. Following the completion of the sale, the executive now directly owns 20,267 shares in the company, valued at approximately $1,733,841.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,601 shares of company stock valued at $3,720,043. 4.32% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of RB Global by 5.1% in the first quarter. Vanguard Group Inc. now owns 23,992,759 shares of the business services provider's stock valued at $1,827,528,000 after buying an additional 1,153,497 shares during the period. EdgePoint Investment Group Inc. increased its position in RB Global by 1.4% during the 1st quarter. EdgePoint Investment Group Inc. now owns 8,564,254 shares of the business services provider's stock valued at $652,590,000 after purchasing an additional 114,225 shares during the period. Cooke & Bieler LP raised its holdings in RB Global by 3.4% during the 2nd quarter. Cooke & Bieler LP now owns 3,311,490 shares of the business services provider's stock worth $252,865,000 after purchasing an additional 109,056 shares during the last quarter. Fiera Capital Corp lifted its position in shares of RB Global by 5.7% in the 2nd quarter. Fiera Capital Corp now owns 3,143,924 shares of the business services provider's stock worth $239,881,000 after purchasing an additional 168,945 shares during the period. Finally, Boston Partners boosted its stake in shares of RB Global by 4.1% in the 1st quarter. Boston Partners now owns 3,029,758 shares of the business services provider's stock valued at $230,543,000 after purchasing an additional 120,469 shares during the last quarter. 95.37% of the stock is owned by institutional investors.
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.
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