John Wood Group’s (WG) “Neutral” Rating Reiterated at UBS Group
UBS Group restated their neutral rating on shares of John Wood Group (LON:WG) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently issued reports on WG. Credit Suisse Group downgraded John Wood Group to a neutral rating and reduced their price objective for the stock from GBX 750 ($9.80) to GBX 505 ($6.60) in a research report on Thursday, May 9th. Jefferies Financial Group reiterated an underperform rating on shares of John Wood Group in a research report on Friday. Berenberg Bank upgraded John Wood Group to a buy rating and boosted their price objective for the stock from GBX 560 ($7.32) to GBX 590 ($7.71) in a research report on Friday, July 5th. Royal Bank of Canada reduced their price objective on John Wood Group from GBX 725 ($9.47) to GBX 670 ($8.75) and set an outperform rating for the company in a research report on Thursday, July 18th. Finally, Barclays reiterated an underweight rating and set a GBX 600 ($7.84) price objective on shares of John Wood Group in a research report on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. John Wood Group has an average rating of Hold and an average target price of GBX 653.64 ($8.54).
Shares of LON WG opened at GBX 433 ($5.66) on Friday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 63.71. The stock has a 50 day simple moving average of GBX 495.87 and a 200-day simple moving average of GBX 490.09. The company has a market cap of $2.95 billion and a PE ratio of -333.08. John Wood Group has a 12-month low of GBX 379.90 ($4.96) and a 12-month high of GBX 801.20 ($10.47).
About John Wood Group
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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