RBC Capital Markets announced Jabil Circuit Inc. (NYSE:JBL), bumping up its stock price target to $23.00 today
- Updated: September 24, 2016
In a report released on 9/22/2016 RBC Capital Markets increased the stock price target of Jabil Circuit Inc. (NYSE:JBL) from $20.00 to $23.00 reporting a possible downside of -0.03%.
Previously on 09/21/2016, UBS reported on Jabil Circuit Inc. (NYSE:JBL) increased the target price from $20.00 to $27.00. At the time, this indicated a possible upside of 0.17%.
Only yesterday Jabil Circuit Inc. (NYSE:JBL) traded -2.28% lower at $23.73. Jabil Circuit Inc.’s 50-day moving average is $21.38 and its two hundred day average is $19.51. The last close is up 12.19% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 3,723,690 shares of Jabil Circuit Inc. traded, up from an avg. volume of 2,144,860
With a total market value of $0, Jabil Circuit Inc. has price-earnings ratio of 16.58 with a one year low of $16.78 and a one year high of $26.00 .
A total of 10 analysts have released a research note on Jabil Circuit Inc.. Two analysts rating the company a strong buy, three analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $22.10.
More About Jabil Circuit Inc. (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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