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

RB Global, Inc. (TSE:RBA) (NYSE:RBA)’s stock price 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.

Analyst Ratings Changes

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

RB Global Price Performance

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 business has a 50 day moving average price of C$118.12 and a 200-day moving average price of C$110.74. The company has a market capitalization of C$25.19 billion, a price-to-earnings ratio of 55.57, a P/E/G 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. Shareholders of record on Wednesday, November 27th will be paid a $0.392 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from RB Global’s previous quarterly dividend of $0.37. This represents a $1.57 annualized dividend and a yield of 1.15%. RB Global’s payout ratio is 64.23%.

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.