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Bank of America Securities Remains a Buy on RB Global (RBA)

Tipranks - Sat Feb 28, 6:29AM CST

Bank of America Securities analyst Michael Feniger reiterated a Buy rating on RB Global today and set a price target of $123.00.

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Feniger covers the Industrials sector, focusing on stocks such as Caterpillar, RB Global, and Deere. According to TipRanks, Feniger has an average return of 9.0% and a 62.13% success rate on recommended stocks.

In addition to Bank of America Securities, RB Global also received a Buy from Barrington’s Gary Prestopino in a report issued on February 19. However, on the same day, TipRanks – xAI reiterated a Hold rating on RB Global (NYSE: RBA).

RBA market cap is currently C$24.66B and has a P/E ratio of 46.58.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RBA in relation to earlier this year. Last month, JAMES FRANCIS KESSLER, the CEO of RBA sold 20,742.00 shares for a total of $2,385,330.00.

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