John Wood Group PLC Upgraded by HSBC to Overweight (WG)
John Wood Group PLC (LON:WG) was upgraded by HSBC to an “overweight” rating in a research note issued on Tuesday, Analyst Ratings News reports. The firm currently has a GBX 900 ($15.12) price objective on the stock, up from their previous price objective of GBX 740 ($12.43). HSBC’s price target points to a potential upside of 12.48% from the stock’s previous close.
Shares of John Wood Group PLC (LON:WG) traded up 1.03% on Tuesday, hitting GBX 800.125. 1,396,214 shares of the company’s stock traded hands. John Wood Group PLC 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 758.7 and a 200-day moving average of GBX 738.1. The company’s market cap is £2.908 billion.
WG has been the subject of a number of other recent research reports. Analysts at Goldman Sachs downgraded shares of John Wood Group PLC to a “buy” rating in a research note on Thursday, April 17th. They now have a GBX 770 ($12.94) price target on the stock, down previously from GBX 800 ($13.44). Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of John Wood Group PLC in a research note on Monday, April 14th. They now have a GBX 838 ($14.08) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of John Wood Group PLC in a research note on Thursday, April 10th. They now have a GBX 850 ($14.28) price target on the stock. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 835.69 ($14.04).
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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