John Wood Group (LON:WG) Stock Rating Reaffirmed by Jefferies Financial Group

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Jefferies Financial Group restated their hold rating on shares of John Wood Group (LON:WG) in a report issued on Monday, Stock Target Advisor reports. They currently have a GBX 350 ($4.60) target price on the stock, down from their prior target price of GBX 370 ($4.87).

Several other equities research analysts also recently issued reports on WG. Berenberg Bank dropped their price objective on John Wood Group from GBX 590 ($7.76) to GBX 540 ($7.10) and set a buy rating on the stock in a report on Thursday, August 29th. Credit Suisse Group dropped their price objective on John Wood Group from GBX 550 ($7.23) to GBX 530 ($6.97) and set an outperform rating on the stock in a report on Friday, October 25th. UBS Group restated a neutral rating and set a GBX 350 ($4.60) price objective (down from GBX 530 ($6.97)) on shares of John Wood Group in a report on Friday, November 1st. Goldman Sachs Group upgraded John Wood Group to a neutral rating in a report on Tuesday, November 5th. Finally, Barclays dropped their price objective on John Wood Group from GBX 600 ($7.89) to GBX 450 ($5.92) and set an underweight rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 566.82 ($7.46).

WG stock traded up GBX 0.90 ($0.01) during midday trading on Monday, hitting GBX 326.70 ($4.30). 1,799,627 shares of the company’s stock were exchanged, compared to its average volume of 2,500,000. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 82.06. John Wood Group has a 12-month low of GBX 314.40 ($4.14) and a 12-month high of GBX 648.60 ($8.53). The firm has a 50 day moving average price of GBX 351.63 and a 200-day moving average price of GBX 410.50. The stock has a market capitalization of $2.22 billion and a price-to-earnings ratio of 38.44.

In other news, insider David Kemp purchased 1,132 shares of the stock in a transaction dated Thursday, October 17th. The stock was acquired at an average cost of GBX 349 ($4.59) per share, for a total transaction of £3,950.68 ($5,196.90).

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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Analyst Recommendations for John Wood Group (LON:WG)

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