Jabil Inc. Stock: Next Stop, $26?
It's been a great year for Jabil Inc. (NYSE: JBL) investors. Shares of the manufacturing-services specialist have climbed more than 20% so far in 2017, easily outpacing the S&P 500's respectable 14% rise.
However, on the heels of Jabil's most recent quarterly report two weeks ago, one analyst thinks it may be time to take some of those profits off the table. On Tuesday, Jabil fell more than 3% after Goldman Sachs analyst Mark Delaney downgraded the stock to sell from neutral. Delaney simultaneously reduced his per-share price target on Jabil from $28 to $26 -- a roughly 12% discount from Monday's close.
IMAGE SOURCE: JABIL
Source: Fool.com
Jabil Circuit Stock
€299.20
2.220%
With 26 Buy predictions and not a single Sell prediction Jabil Circuit is an absolute favorite of our community.
As a result the target price of 390 € shows a positive potential of 30.35% compared to the current price of 299.2 € for Jabil Circuit.
