John Wood Group (WG) Stock Rating Lowered by Morgan Stanley
Morgan Stanley lowered shares of John Wood Group (LON:WG) to an equal weight rating in a report issued on Friday morning. Morgan Stanley currently has GBX 700 ($10.02) target price on the stock, down from their prior target price of GBX 900 ($12.89).
WG has been the topic of a number of other reports. JPMorgan Chase dropped their price target on John Wood Group from GBX 780 ($11.17) to GBX 770 ($11.03) and set an overweight rating on the stock in a research note on Thursday, January 4th. Credit Suisse Group dropped their price target on John Wood Group from GBX 865 ($12.39) to GBX 750 ($10.74) and set an outperform rating on the stock in a research note on Thursday, March 22nd. Numis Securities upgraded John Wood Group to a buy rating and set a GBX 780 ($11.17) price target on the stock in a research note on Thursday, December 14th. Royal Bank of Canada restated an outperform rating and issued a GBX 800 ($11.45) price target on shares of John Wood Group in a research note on Wednesday, December 20th. Finally, Barclays restated an underweight rating and issued a GBX 730 ($10.45) price target on shares of John Wood Group in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 764.67 ($10.95).
WG stock opened at GBX 545.60 ($7.81) on Friday. John Wood Group has a 1 year low of GBX 553 ($7.92) and a 1 year high of GBX 830 ($11.88).
John Wood Group Company Profile
John Wood Group PLC, together with its subsidiaries, provides engineering, procurement, construction, and maintenance services to the oil and gas, and power generation industries in the United Kingdom, the United States, and internationally. The company operates through three segments: Asset Life Cycle Solutions West, Asset Life Cycle Solutions East, and Specialist Technical Solutions.
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