John Wood Group Rating Increased to Buy at Investec (WG)
John Wood Group (LON:WG) was upgraded by stock analysts at Investec to a “buy” rating in a report issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a GBX 720 ($11.82) price objective on the stock, down from their previous price objective of GBX 900 ($14.77). Investec’s price target would indicate a potential upside of 8.35% from the company’s current price.
Shares of John Wood Group (LON:WG) opened at 675.50 on Wednesday. John Wood Group has a 52 week low of GBX 610.00 and a 52 week high of GBX 927.0001. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £2.456 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank downgraded shares of John Wood Group to a “hold” rating in a research note to investors on Monday, January 6th. They now have a GBX 820 ($13.46) price target on the stock, down previously from GBX 980 ($16.09). Separately, analysts at Canaccord Genuity cut their price target on shares of John Wood Group from GBX 875 ($14.36) to GBX 825 ($13.54) in a research note to investors on Tuesday, December 17th. They now have a “hold” rating on the stock. Finally, 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 ($13.99) price target on the stock. Nine research analysts have rated the stock with a hold rating, seven 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 “Buy” and an average price target of GBX 854.83 ($14.03).
John Wood Group PLC is an international energy services company. It provides services to customers engaged in the oil & gas and power markets.
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