RB Global (TSE:RBA) Reaches New 1-Year High – What’s Next?

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

Analysts Set New Price Targets

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

RB Global Stock Performance

The company’s 50 day simple moving average is C$118.12 and its 200 day simple moving average is C$110.74. The company has a debt-to-equity ratio of 80.04, a quick ratio of 1.00 and a current ratio of 1.29. The stock has a market cap of C$25.19 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 2.43 and a beta of 0.93.

RB Global Increases Dividend

The firm also recently declared 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 represents a $1.57 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from RB Global’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, November 27th. RB Global’s dividend payout ratio (DPR) is presently 64.23%.

RB Global Company Profile

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.