RB Global (TSE:RBA) Sets New 52-Week High – Should You Buy?

RB Global, Inc. (TSE:RBA) (NYSE:RBA) reached a new 52-week high during trading on Thursday . The stock traded as high as C$133.41 and last traded at C$133.29, with a volume of 76247 shares changing hands. The stock had previously closed at C$131.07.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded shares of RB Global to a “strong-buy” rating in a research note on Thursday, September 5th.

RB Global Stock Up 1.6 %

The firm has a market cap of C$24.54 billion, a P/E ratio of 53.28, a P/E/G ratio of 2.43 and a beta of 0.93. The firm’s fifty day moving average is C$117.31 and its 200 day moving average is C$110.26. The company has a debt-to-equity ratio of 80.04, a quick ratio of 1.00 and a current ratio of 1.29.

RB Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be given a dividend of $0.392 per share. This is an increase from RB Global’s previous quarterly dividend of $0.37. This represents a $1.57 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, November 27th. RB Global’s dividend payout ratio is currently 64.23%.

Insider Activity at RB Global

In related news, Senior Officer James Jeffrey Jeter sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$85.55, for a total value of C$256,650.00. 0.29% of the stock is currently owned by insiders.

About RB Global

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.