John Wood Group (LON:WG) Receives “Outperform” Rating from Royal Bank of Canada
Royal Bank of Canada restated their outperform rating on shares of John Wood Group (LON:WG) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
WG has been the topic of several other reports. UBS Group reissued a neutral rating on shares of John Wood Group in a report on Friday, August 16th. Berenberg Bank decreased their target price on shares of John Wood Group from GBX 590 ($7.71) to GBX 540 ($7.06) and set a buy rating on the stock in a report on Thursday, August 29th. Jefferies Financial Group reissued an underperform rating on shares of John Wood Group in a report on Friday, August 16th. JPMorgan Chase & Co. decreased their target price on shares of John Wood Group from GBX 760 ($9.93) to GBX 720 ($9.41) and set an overweight rating on the stock in a report on Tuesday, July 23rd. Finally, Barclays reissued an underweight rating and issued a GBX 600 ($7.84) target price on shares of John Wood Group in a report on Wednesday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. John Wood Group currently has a consensus rating of Hold and an average price target of GBX 632 ($8.26).
LON:WG traded up GBX 1.60 ($0.02) during mid-day trading on Thursday, reaching GBX 413 ($5.40). 2,060,864 shares of the company’s stock were exchanged, compared to its average volume of 2,500,000. John Wood Group has a one year low of GBX 353 ($4.61) and a one year high of GBX 801.20 ($10.47). The firm has a market capitalization of $2.81 billion and a PE ratio of 48.59. The business’s fifty day simple moving average is GBX 455.93 and its two-hundred day simple moving average is GBX 477.18. The company has a debt-to-equity ratio of 82.06, a quick ratio of 0.97 and a current ratio of 1.06.
In related news, insider Jeremy Wilson purchased 10,000 shares of John Wood Group stock in a transaction dated Thursday, August 29th. The shares were bought at an average cost of GBX 359 ($4.69) per share, for a total transaction of £35,900 ($46,909.71). Also, insider David Kemp purchased 769 shares of John Wood Group stock in a transaction dated Thursday, July 18th. The stock was bought at an average price of GBX 514 ($6.72) per share, for a total transaction of £3,952.66 ($5,164.85). Over the last three months, insiders acquired 20,405 shares of company stock worth $7,917,102.
John Wood Group Company Profile
John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services in energy, industry, and built environment worldwide. It operates through five segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Specialist Technical Solutions; Environment and Infrastructure Solutions; and Investment Services.
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