Macquarie Cuts John Wood Group PLC (WG) Price Target to GBX 835
John Wood Group PLC (LON:WG) had its price target lowered by Macquarie from GBX 965 ($12.48) to GBX 835 ($10.80) in a research note issued to investors on Wednesday morning. Macquarie currently has an outperform rating on the stock.
A number of other equities research analysts have also commented on the stock. Raymond James Financial, Inc. reduced their price objective on shares of John Wood Group PLC from GBX 770 ($9.96) to GBX 670 ($8.67) and set an outperform rating on the stock in a research note on Thursday, August 24th. Numis Securities Ltd reissued a buy rating and set a GBX 820 ($10.61) target price on shares of John Wood Group PLC in a research note on Wednesday, August 23rd. Sanford C. Bernstein reissued an outperform rating and set a GBX 1,000 ($12.93) target price on shares of John Wood Group PLC in a research note on Thursday, July 6th. Jefferies Group LLC cut their target price on shares of John Wood Group PLC from GBX 600 ($7.76) to GBX 540 ($6.98) and set an underweight rating on the stock in a research note on Friday, June 30th. Finally, Royal Bank Of Canada cut their target price on shares of John Wood Group PLC from GBX 980 ($12.67) to GBX 750 ($9.70) and set an outperform rating on the stock in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. John Wood Group PLC currently has an average rating of Hold and an average price target of GBX 814.40 ($10.53).
Shares of John Wood Group PLC (LON:WG) opened at 573.50 on Wednesday. The firm’s market capitalization is GBX 2.14 billion. The firm has a 50-day moving average of GBX 596.59 and a 200 day moving average of GBX 701.95. John Wood Group PLC has a 12-month low of GBX 559.00 and a 12-month high of GBX 909.00.
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The firm also recently disclosed a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a yield of 1.53%.
In other John Wood Group PLC news, insider David Kemp sold 13,204 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of GBX 689 ($8.91), for a total transaction of £90,975.56 ($117,661.10).
John Wood Group PLC Company Profile
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