Jacobs Engineering Group Given New $64.00 Price Target at Deutsche Bank (JEC)
Stock analysts at Deutsche Bank raised their target price on shares of Jacobs Engineering Group (NYSE:JEC) from $62.00 to $64.00 in a report issued on Friday, Analyst Ratings News reports. Deutsche Bank’s target price points to a potential downside of 2.22% from the company’s current price.
Jacobs Engineering Group (NYSE:JEC) traded up 0.53% on Friday, hitting $65.80. The stock had a trading volume of 437,184 shares. Jacobs Engineering Group has a 1-year low of $45.45 and a 1-year high of $65.62. The stock has a 50-day moving average of $60.85 and a 200-day moving average of $59.66. The company has a market cap of $8.667 billion and a P/E ratio of 20.26.
JEC has been the subject of a number of other recent research reports. 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Jacobs Engineering Group has a consensus rating of “Hold” and a consensus price target of $65.64.
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.
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