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A statement released earlier today by Zacks Investment Research about McGrath RentCorp (NASDAQ:MGRC) bumps the target price to $38.00

Zacks Investment Research bumped up the target of McGrath RentCorp (NASDAQ:MGRC) to $38.00 stating a potential upside of 0.10%.

Boasting a price of $34.65, McGrath RentCorp (NASDAQ:MGRC) traded 0.48% higher on the day. With the last stock price close down 26.43% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. McGrath RentCorp has recorded a 50-day average of $42.05 and a two hundred day average of $36.73. Volume of trade was down over the average, with 40,874 shares of MGRC changing hands under the typical 58,443

Performance Chart

McGrath RentCorp (NASDAQ:MGRC)

With a total market value of $0, McGrath RentCorp has price-earnings ratio of 26.55 with a one year low of $29.26 and a one year high of $46.73 .

Brief Synopsis About McGrath RentCorp (NASDAQ:MGRC)

McGrath RentCorp is a diversified business-to-business rental company. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division. As of December 31, 2016, the Company's TRS-RenTelco rented and sold electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility), Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). Adler Tanks purchases tanks and boxes from various manufacturers located throughout the country.

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