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

Sunbelt Rentals Holdings, Inc. Common Stock (NYSE:SUNB) had its target price decreased by research analysts at Royal Bank Of Canada from $62.38 to $62.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 8.91% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group upgraded shares of Sunbelt Rentals Holdings, Inc. Common Stock to a “hold” rating in a research note on Wednesday, March 11th. Barclays assumed coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Tuesday, March 10th. They set an “overweight” rating on the stock. KeyCorp raised Sunbelt Rentals Holdings, Inc. Common Stock to a “strong-buy” rating in a research report on Friday, March 13th. Bank of America started coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a research report on Monday, March 16th. They set an “underperform” rating and a $62.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Sunbelt Rentals Holdings, Inc. Common Stock in a report on Tuesday, March 10th. They issued a “buy” rating and a $83.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.20.

Sunbelt Rentals Holdings, Inc. Common Stock Price Performance

SUNB stock opened at $68.07 on Thursday. Sunbelt Rentals Holdings, Inc. Common Stock has a twelve month low of $62.44 and a twelve month high of $76.77.

Sunbelt Rentals Holdings, Inc (NYSE: SUNB) is a North American equipment rental company that supplies a broad range of temporary equipment, tools and services to commercial contractors, industrial customers, municipalities and specialty markets. The company rents equipment used in construction, infrastructure, industrial maintenance, utilities, events and emergency response, providing flexible short- and long-term solutions that allow customers to scale capacity without large capital expenditures.

Sunbelt’s product offering spans general construction and earthmoving equipment, aerial work platforms and lifts, material handling, power generation and HVAC, industrial pumps and compressors, trench safety and shoring systems, temporary lighting, and specialized tools for oil & gas and other sectors.