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Zacks Investment Research announced McGrath RentCorp (NASDAQ:MGRC), bumping up its stock price target to $37.00 today

In a report released on 6/22/2017 Zacks Investment Research increased the stock price target of McGrath RentCorp (NASDAQ:MGRC) to $37.00 reporting a possible upside of 0.11%.

Just yesterday McGrath RentCorp (NASDAQ:MGRC) traded 0.02% higher at $33.35. McGrath RentCorp’s 50-day moving average is $38.46 and its 200-day moving average is $35.27. The last closing price is down 15.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 236 shares of MGRC traded hands, down from an average trading volume of 63,125

Recent Performance Chart

McGrath RentCorp (NASDAQ:MGRC)

McGrath RentCorp has 52 week low of $29.27 and a 52 week high of $41.61 with a PE ratio of 23.28 and has a market capitalization of $0.

Brief Synopsis On 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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