Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) Price Target Lowered to $62.00 at Royal Bank Of Canada

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) had its target price trimmed by Royal Bank Of Canada from $62.38 to $62.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an underperform 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, March 10th. They issued a “buy” rating and a $83.00 price target for the company. BNP Paribas Exane assumed coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 9th. They set an “outperform” rating on the stock. Barclays initiated coverage on shares of Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They issued an “overweight” rating on the stock. Weiss Ratings downgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock from a “buy (b)” rating to a “hold (c)” rating in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Sunbelt Rentals Holdings, Inc. Common Stock from $78.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.20.

Sunbelt Rentals Holdings, Inc. Common Stock Stock Down 7.2%

Shares of NYSE:SUNB opened at $63.56 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a fifty-two week low of $62.44 and a fifty-two week high of $76.77.

Sunbelt Rentals Holdings, Inc is a North American equipment rental company that supplies a broad range of tools, machinery and support services to construction, industrial, infrastructure, municipal and event customers. Its rental fleet covers categories such as earthmoving and site preparation, aerial work platforms, material handling, power generation and distribution, climate control and dewatering, pumps and compressors, and general light and specialty tools. The business focuses on short- and long-term equipment rentals as an alternative to equipment ownership for commercial and governmental customers.

In addition to equipment rental, Sunbelt offers complementary services intended to simplify customers’ operations, including logistics and delivery, equipment maintenance and repair, safety training, and technology-enabled fleet management.