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Goldman Sachs Reaffirms Their Buy Rating on Jabil Circuit (JBL)

In a report released today, Mark Delaney from Goldman Sachs maintained a Buy rating on Jabil Circuit (JBLResearch Report), with a price target of $69.00. The company’s shares closed last Tuesday at $61.52.

Delaney has an average return of 6.5% when recommending Jabil Circuit.

According to TipRanks.com, Delaney is ranked #1196 out of 7943 analysts.

Currently, the analyst consensus on Jabil Circuit is a Strong Buy with an average price target of $78.80.

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The company has a one-year high of $72.11 and a one-year low of $52.43. Currently, Jabil Circuit has an average volume of 1.01M.

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Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the following segments: Electronics Manufacturing Services and Diversified Manufacturing Services. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.

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