Numis Securities Reaffirms “Buy” Rating for John Wood Group (WG)
A number of other equities research analysts also recently issued reports on WG. JPMorgan Chase & Co. raised shares of John Wood Group to an overweight rating and set a GBX 810 ($10.98) price objective for the company in a research report on Thursday, October 12th. Jefferies Group reaffirmed an underperform rating and issued a GBX 500 ($6.78) price objective on shares of John Wood Group in a research report on Monday, October 9th. Barclays reaffirmed an underweight rating and issued a GBX 730 ($9.90) price objective on shares of John Wood Group in a research report on Thursday, October 19th. Citigroup reaffirmed a neutral rating and issued a GBX 700 ($9.49) price objective on shares of John Wood Group in a research report on Tuesday, October 17th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 875 ($11.87) price objective on shares of John Wood Group in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 798.63 ($10.83).
Shares of John Wood Group (LON WG) opened at GBX 684.80 ($9.29) on Monday. The company has a market cap of $4,630.00 and a PE ratio of -34,240.00. John Wood Group has a 52-week low of GBX 553 ($7.50) and a 52-week high of GBX 883 ($11.97).
In other John Wood Group news, insider Jann M. Brown purchased 1,193 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average cost of GBX 645 ($8.75) per share, for a total transaction of £7,694.85 ($10,435.11). Also, insider David Kemp sold 6,615 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of GBX 714 ($9.68), for a total transaction of £47,231.10 ($64,050.85).
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John Wood Group Company Profile
John Wood Group PLC is a United Kingdom-based energy services company. The Company provides a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil and gas and power generation industries. It operates through two segments: Wood Group Engineering segment, which provides a range of engineering services, such as conceptual studies, engineering, project and construction management, and control system upgrades, to the upstream, subsea and pipeline, downstream, chemical process and industrial, and clean energy sectors, and Wood Group PSN segment, which provides production services to the upstream, midstream, downstream and industrial sectors through brownfield engineering and modifications, production enhancement, operations and maintenance, facility construction and maintenance management, industrial services, training and decommissioning services, and turbine activities.
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