Jacobs Engineering Group Inc. Sets New 1-Year High at $65.30 (JEC)
Jacobs Engineering Group (NYSE:JEC) set a new 52-week high during trading on Monday, StockRatingsNetwork reports. The stock traded as high as $65.30 and last traded at $64.78, with a volume of 1,041,868 shares. The stock had previously closed at $63.73.
A number of analysts have recently weighed in on JEC shares. Analysts at UBS AG upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $75.00 price target on the stock, up previously from $60.00. Separately, analysts at Robert W. Baird upgraded shares of Jacobs Engineering Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $74.00 price target on the stock, up previously from $67.00. Finally, analysts at Stephens initiated coverage on shares of Jacobs Engineering Group in a research note to investors on Thursday, December 19th. They set an “overweight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.57.
Jacobs Engineering Group has a one year low of $44.50 and a one year high of $64.27. The stock’s 50-day moving average is $60.2 and its 200-day moving average is $59.39. The company has a market cap of $8.474 billion and a price-to-earnings ratio of 19.73.
Jacobs Engineering Group Inc is a technical professional services firm. The Company provides a diverse range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.