Jabil Circuit (NYSE:JBL) : 7 investment research analysts covering Jabil Circuit (NYSE:JBL) have an average price target of $21.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $18 for the short term. Analysts expect the variance to be within $2.44 of the average price.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Jabil Circuit (NYSE:JBL). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $18 per share from a prior target of $21. The rating by the firm was issued on June 16, 2016.
Jabil Circuit (NYSE:JBL): stock turned positive on Thursday. Though the stock opened at $19.52, the bulls momentum made the stock top out at $19.91 level for the day. The stock recorded a low of $19.46 and closed the trading day at $19.9, in the green by 3.11%. The total traded volume for the day was 3,384,710. The stock had closed at $19.3 in the previous days trading.
The company shares have dropped -12.43% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $26.00 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $18.28 and the 200 Day Moving Average price is recorded at $19.84. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Cadavid Sergio, officer (SVP, Treasurer) of Jabil Circuit Inc, had unloaded 3,098 shares at an average price of $21.5 in a transaction dated on March 2, 2016. The total value of the transaction was worth $66,607.
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 Companys 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.