Sunbelt Rentals (LON:SUNB) Shares Down 2.6% – Here’s Why

Shares of Sunbelt Rentals Holdings, Inc. (LON:SUNB – Get Free Report) traded down 2.6% during mid-day trading on Thursday. The stock traded as low as GBX 5,552 and last traded at GBX 5,610. 31,965,588 shares changed hands during mid-day trading, an increase of 222% from the average session volume of 9,924,207 shares. The stock had previously closed at GBX 5,760.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 5,800 price target on shares of Sunbelt Rentals in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 5,800.

Get Our Latest Stock Analysis on SUNB

Sunbelt Rentals Price Performance

The company has a market cap of £23.41 billion and a P/E ratio of 17.06. The stock has a 50-day moving average of GBX 5,560.14 and a 200 day moving average of GBX 5,541.02.

Sunbelt Rentals Holdings, Inc is an industrials company in the Trading Companies & Distributors industry.

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