Jabil Circuit (JBL) : The highest short term price target forecast on Jabil Circuit (JBL) is $25 and the lowest target price is $18. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $21.43 with a standard deviation of $2.44.
Jabil Circuit (JBL), A reduction of 1,076,674 shares or 15.6% was observed in the short interest of Jabil Circuit The interest on June 30,2016 came in at 5,810,678 shares and as per the average daily trading of 4,175,563 shares, the days to cover are 1. The reduced interest is 3.4% of the floated shares. The data of June 15,2016 put the interest at 6,887,352 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Deutsche Bank maintains their rating on the shares of Jabil Circuit (NYSE:JBL). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $18 per share from $21 per share. 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 $19.47, the bulls momentum made the stock top out at $19.59 level for the day. The stock recorded a low of $19.35 and closed the trading day at $19.44, in the green by 0.62%. The total traded volume for the day was 2,192,735. The stock had closed at $19.32 in the previous days trading.
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.