00:22:45 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



RB Global Inc
Symbol RBA
Shares Issued 182,754,614
Close 2024-04-11 C$ 100.26
Market Cap C$ 18,322,977,600
Recent Sedar Documents

Globe says RB Global maintained at "outperform"

2024-04-11 07:59 ET - In the News

The Globe and Mail reports in its Thursday, April 11, edition that National Bank Financial analyst Maxim Sytchev reports that both technical and sentimental indicators are "uniformly bullish" heading into first quarter earnings season for his industrial products coverage universe. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev says RB Global is on his "best ideas" list. Mr. Sytchev continues to rate RB Global "outperform," with a $85 (U.S.) share target. Analysts on average target the shares at $80.33 (U.S.). Mr. Sytchev says in a note: "Our space continues to attract investor dollars as government spending remains robust while projected earnings are expected to outpace those of S&P 500 by 500 basis points in 2024 and 2025 amid positive earnings revision dynamic (on an annual basis). ... While many names in our universe are no doubt nominally more 'expensive' than before, the multiple expansion is at least partially justified with both nominal expected earnings growth and continued upward earnings revision." The Globe reported on Dec. 15 that Mr. Sytchev had reaffirmed his "outperform" recommendation for RB Global. The shares could then be had for $85.29.

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