Jacobs engineering group provides a broad range of construction services, operations and maintenance services for industrial clients around the world.

From a fundamental viewpoint, the company is trading at low level as shown by the “enterprise value/revenue” at 0.4x and a price earnings ratio is estimated at 13.5x. According to Thomson Reuters’consensus, the average target price is fixed at $51.7 which represents a potential of 30% compared to the cureent price.

After a strong fall as shown by the wide bearish gap, the USD 39.75 long-term support has allowed a technical rebound and a new bullish trend could happen in the next sessions. The technical indicators show an oversold situation.

In this case, we remain optimistic and we could look for a return towards a short-term resistance. Investors could take a buy position to target the USD 42. A stop loss will be fixed at USD 37.5.