John Wood Group (LON:WG) had its price objective trimmed by JPMorgan Chase & Co. from GBX 770 ($10.06) to GBX 760 ($9.93) in a research report released on Friday morning. The brokerage currently has an overweight rating on the stock.
Several other brokerages also recently issued reports on WG. Barclays upped their price objective on shares of John Wood Group from GBX 750 ($9.80) to GBX 910 ($11.89) and gave the company an underweight rating in a research note on Wednesday, October 10th. Sanford C. Bernstein cut their price target on shares of John Wood Group from GBX 1,010 ($13.20) to GBX 1,000 ($13.07) and set an outperform rating on the stock in a research note on Tuesday, December 4th. HSBC raised shares of John Wood Group to a buy rating and increased their price target for the stock from GBX 725 ($9.47) to GBX 780 ($10.19) in a research note on Monday, November 26th. Finally, Royal Bank of Canada cut their price target on shares of John Wood Group from GBX 800 ($10.45) to GBX 725 ($9.47) and set an outperform rating on the stock in a research note on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 808 ($10.56).
Shares of WG traded down GBX 6.40 ($0.08) on Friday, hitting GBX 588 ($7.68). 2,125,169 shares of the stock traded hands, compared to its average volume of 2,500,000. John Wood Group has a 1 year low of GBX 553 ($7.23) and a 1 year high of GBX 830 ($10.85).
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.
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