John Wood Group (WG) Upgraded to Buy at HSBC
HSBC upgraded shares of John Wood Group (LON:WG) to a buy rating in a research report sent to investors on Thursday morning. They currently have GBX 725 ($9.35) price target on the stock, up from their prior price target of GBX 675 ($8.71).
WG has been the subject of a number of other reports. Numis Securities raised shares of John Wood Group to an add rating and boosted their price target for the stock from GBX 740 ($9.55) to GBX 820 ($10.58) in a research note on Wednesday, August 22nd. Barclays reissued an underweight rating and set a GBX 690 ($8.90) price target on shares of John Wood Group in a research note on Monday, August 20th. Morgan Stanley downgraded shares of John Wood Group to an underweight rating and boosted their price target for the stock from GBX 700 ($9.03) to GBX 800 ($10.32) in a research note on Wednesday, May 16th. JPMorgan Chase & Co. reissued an overweight rating on shares of John Wood Group in a research note on Monday, May 14th. Finally, Credit Suisse Group reissued an outperform rating and set a GBX 750 ($9.67) price target on shares of John Wood Group in a research note on Thursday, May 17th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 755 ($9.74).
Shares of LON WG traded down GBX 17.20 ($0.22) during trading on Thursday, reaching GBX 679.40 ($8.76). The company had a trading volume of 1,214,836 shares, compared to its average volume of 2,500,000. John Wood Group has a 52 week low of GBX 553 ($7.13) and a 52 week high of GBX 830 ($10.71).
In other news, insider Jann M. Brown purchased 1,271 shares of the business’s stock in a transaction on Thursday, June 28th. The stock was purchased at an average price of GBX 649 ($8.37) per share, for a total transaction of £8,248.79 ($10,640.85). Also, insider Robin Watson purchased 899 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was purchased at an average price of GBX 639 ($8.24) per share, with a total value of £5,744.61 ($7,410.49). Insiders bought 3,103 shares of company stock valued at $1,973,135 in the last quarter.
About John Wood Group
John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services to the energy and industrial markets in the United Kingdom, the United States, and internationally. It operates in five segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Specialist Technical Solutions; Environment and Infrastructure Solutions; and Investment Services.
Featured Story: Closed-End Mutual Funds (CEFs)
Receive News & Ratings for John Wood Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Wood Group and related companies with MarketBeat.com's FREE daily email newsletter.