Barclays Initiates Coverage on Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB)

Investment analysts at Barclays assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating on the stock.

SUNB has been the subject of a number of other reports. The Goldman Sachs Group initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Tuesday. They issued a “buy” rating and a $83.00 price objective for the company. BNP Paribas Exane initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Monday. They issued an “outperform” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Thursday, March 5th. They issued a “neutral” rating and a $78.00 price target for the company. Finally, Weiss Ratings initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research note on Thursday, March 5th. They set a “buy (b)” rating on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Sunbelt Rentals Holdings, Inc. Common Stock has an average rating of “Moderate Buy” and a consensus target price of $80.50.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Performance

Shares of Sunbelt Rentals Holdings, Inc. Common Stock stock opened at $71.12 on Tuesday. Sunbelt Rentals Holdings, Inc. Common Stock has a 12 month low of $68.67 and a 12 month high of $76.77.

Sunbelt Rentals Holdings, Inc (NYSE: SUNB) is an industrial equipment rental company that provides a broad range of rentals and services to construction, industrial, infrastructure and specialty markets across North America. The company supplies equipment for projects of varied scope — from short-term tool rentals for small jobs to large fleets for major construction and industrial programs — enabling customers to scale capacity without owning and maintaining large inventories of capital equipment.

Its product offering spans common categories used across job sites and facilities, including aerial work platforms and access equipment, earthmoving and material‑handling machines, pumps and fluid management systems, temporary climate control and power generation, trench safety and shoring, and a wide assortment of general tools and specialty equipment.