Jacobs Engineering Group (LON:J) Downgraded by Citigroup to Neutral

Citigroup lowered shares of Jacobs Engineering Group (LON:J – Get Rating) to a neutral rating in a research note released on Tuesday, LSE.Co.UK reports. The firm currently has GBX 295 ($3.67) price objective on the stock, down from their prior price objective of GBX 320 ($3.98).

Other research analysts have also recently issued research reports about the company. Barclays upped their target price on Jacobs Engineering Group from GBX 285 ($3.54) to GBX 295 ($3.67) and gave the company an overweight rating in a research note on Friday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of Jacobs Engineering Group from GBX 237 ($2.95) to GBX 217 ($2.70) and set an overweight rating for the company in a research note on Thursday, January 26th. Berenberg Bank reissued a buy rating and set a GBX 165 ($2.05) target price on shares of Jacobs Engineering Group in a research note on Thursday, February 23rd. Shore Capital reiterated a house stock rating on shares of Jacobs Engineering Group in a report on Thursday, April 27th. Finally, Jefferies Financial Group increased their price objective on Jacobs Engineering Group from GBX 230 ($2.86) to GBX 270 ($3.36) and gave the stock a hold rating in a research note on Monday, March 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 248.40 ($3.09).

Jacobs Engineering Group Price Performance

About Jacobs Engineering Group

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Jacobs Engineering Group Inc is challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good.