Berenberg Starts McGrath Rentcorp (MGRC) at Buy

September 19, 2018 6:27 AM EDT
Get Alerts MGRC Hot Sheet
Price: $77.00 -0.18%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 26 | New: 41
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Berenberg analyst Sam England initiates coverage on McGrath Rentcorp (NASDAQ: MGRC) with a Buy rating and a price target of $70.00.

The analyst comments "McGrath operates three discrete businesses with different end markets, competitors, and underlying drivers, with few obvious synergies or cross-selling opportunities between them. We believe McGrath has an opportunity to streamline its business by disposing of its electrical testing equipment business TRS-RenTelco and allocating capital to its core mobile modular and tank storage operations."

For an analyst ratings summary and ratings history on McGrath Rentcorp click here. For more ratings news on McGrath Rentcorp click here.

Shares of McGrath Rentcorp closed at $52.80 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage