BMO Capital Maintains Buy Rating on RB Global with $125 Price Target

RB Global (RBA) has received a Buy rating from BMO Capital with a price target of $125. The analyst consensus is a Strong Buy with an average price target of $119.38, representing a 9.21% upside. The company reported a quarterly revenue of $1.11 billion and a net profit of $113.4 million, up from last year's $1.06 billion and $107.4 million, respectively. However, corporate insider sentiment is negative with an increase in insiders selling shares.

Royal Bank of Canada (RBA) has recently received a Buy rating from BMO Capital with a price target of $125. The analyst consensus is a Strong Buy, with an average price target of $119.38, representing a 9.21% upside. The company reported a quarterly revenue of $1.11 billion and a net profit of $113.4 million, up from last year's $1.06 billion and $107.4 million, respectively [NUMBER:1].

However, corporate insider sentiment is negative, with an increase in insiders selling shares. This could indicate that key stakeholders are cautious about the company's future prospects. Despite the positive earnings report, the negative insider sentiment may serve as a cautionary note for investors.

Investors should carefully consider the implications of the insider selling and the overall market conditions when making investment decisions. While the Strong Buy rating from BMO Capital and the positive earnings report provide a bullish outlook, the negative insider sentiment warrants further scrutiny.

References:
[1] https://www.marketbeat.com/ratings/by-issuer/royal-bank-of-canada-stock-recommendations/