RB Global (NYSE:RBA) Price Target Raised to $100.00 at Robert W. Baird

RB Global (NYSE:RBA) (TSE:RBA) had its price objective increased by stock analysts at Robert W. Baird from $86.00 to $100.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 7.68% from the stock’s previous close.

RBA has been the topic of several other research reports. Bank of America lifted their price objective on shares of RB Global from $79.00 to $92.50 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Royal Bank of Canada lifted their price target on shares of RB Global from $93.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Raymond James increased their price objective on RB Global from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets began coverage on RB Global in a research note on Thursday, September 5th. They issued an “outperform” rating and a $105.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.36.

RB Global Trading Down 0.9 %

Shares of RB Global stock opened at $92.87 on Monday. The stock has a fifty day moving average price of $83.98 and a 200-day moving average price of $80.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.20. The firm has a market cap of $17.13 billion, a PE ratio of 50.47, a P/E/G ratio of 5.99 and a beta of 0.92. RB Global has a 1 year low of $58.85 and a 1 year high of $94.85.

Insider Transactions at RB Global

In related news, insider Darren Jeffrey Watt sold 2,915 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $82.80, for a total transaction of $241,362.00. Following the sale, the insider now owns 19,271 shares of the company’s stock, valued at approximately $1,595,638.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CRO James J. Jeter sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the executive now owns 20,267 shares of the company’s stock, valued at approximately $1,733,841.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren Jeffrey Watt sold 2,915 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $82.80, for a total transaction of $241,362.00. Following the completion of the transaction, the insider now owns 19,271 shares in the company, valued at approximately $1,595,638.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,681 shares of company stock valued at $3,489,480. 4.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RB Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of RB Global by 5.1% during the 1st 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 in the last quarter. EdgePoint Investment Group Inc. raised its position in RB Global by 1.4% during the first 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 in the last quarter. Cooke & Bieler LP raised its position in RB Global by 3.4% during the second quarter. Cooke & Bieler LP now owns 3,311,490 shares of the business services provider’s stock valued at $252,865,000 after purchasing an additional 109,056 shares in the last quarter. Fiera Capital Corp lifted its stake in RB Global by 5.7% during the second 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 last quarter. Finally, Boston Partners boosted its holdings 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 worth $230,543,000 after purchasing an additional 120,469 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

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.