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RBC Capital announced Jabil Circuit (NYSE:JBL), boosting its stock price target to $23.00 today

Just yesterday Jabil Circuit (NYSE:JBL) traded 0.09% higher at $23.73. JBL’s 50-day average is $21.17 and its two hundred day average is $19.46. With the last close up 19.01% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 2,450,657 shares of JBL changing hands over the typical 2,085,710

In a report released on 09/22/2016 RBC Capital increased the stock price target of Jabil Circuit (NYSE:JBL) from $20.00 to $23.00 reporting a possible downside of -0.03%.

Previously on 9/21/2016, UBS released a statement about Jabil Circuit (NYSE:JBL) increased the target price from $20.00 to $27.00. At the time, this indicated a possible upside of 0.17%.

Performance Chart

Jabil Circuit (NYSE:JBL)

With a market cap of $0, Jabil Circuit has 52 week low of $16.78 and a 52 week high of $26.00 with a PE ratio of 14.77 .

In addition to RBC Capital reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $22.10 with 2 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokerages rating the company a underperform, and lastly one brokerage rating the company a sell.

General Company Details For Jabil Circuit (NYSE:JBL)

Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Company's operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.

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