John Wood Group Lowered to Hold at Deutsche Bank (WG)
John Wood Group (LON:WG) was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 820 ($13.45) target price on the stock, down from their previous target price of GBX 980 ($16.07). Deutsche Bank’s price objective would indicate a potential upside of 21.03% from the company’s current price.
John Wood Group (LON:WG) opened at 661.50 on Monday. John Wood Group has a 1-year low of GBX 657.00 and a 1-year high of GBX 927.0001. The stock’s 50-day moving average is GBX 739.5 and its 200-day moving average is GBX 807.1. The company’s market cap is £2.405 billion.
A number of other analysts have also recently weighed in on WG. Analysts at Canaccord Genuity cut their price target on shares of John Wood Group from GBX 875 ($14.35) to GBX 825 ($13.53) in a research note to investors on Tuesday, December 17th. They now have a “hold” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of John Wood Group in a research note to investors on Tuesday, December 17th. They now have a GBX 852 ($13.97) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of John Wood Group in a research note to investors on Friday, December 13th. They now have a GBX 775 ($12.71) price target on the stock. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 869.83 ($14.27).
John Wood Group PLC is an international energy services company. It provides services to customers engaged in the oil & gas and power markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.