Jacobs Engineering Group (LON:J) Cut to Neutral at Citigroup

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

Several other research firms also recently commented on J. JPMorgan Chase & Co. cut their target price on Jacobs Engineering Group from GBX 237 ($2.95) to GBX 217 ($2.70) and set an overweight rating for the company in a research report on Thursday, January 26th. Berenberg Bank reaffirmed a buy rating and issued a GBX 165 ($2.05) target price on shares of Jacobs Engineering Group in a report on Thursday, February 23rd. Shore Capital reissued a house stock rating on shares of Jacobs Engineering Group in a report on Thursday, April 27th. Jefferies Financial Group upped their price objective on shares of 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. Finally, Barclays lifted their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of GBX 248.40 ($3.09).

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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.