JPMorgan Chase & Co. Cuts John Wood Group (WG) Price Target to GBX 750

John Wood Group (LON:WG) had its price objective cut by analysts at JPMorgan Chase & Co. from GBX 770 ($10.81) to GBX 750 ($10.53) in a research report issued on Friday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 15.35% from the company’s current price.

Several other research analysts also recently commented on the company. Barclays reissued an “underweight” rating and issued a GBX 730 ($10.25) target price on shares of John Wood Group in a report on Wednesday, January 17th. Numis Securities reaffirmed a “buy” rating and set a GBX 780 ($10.95) price objective on shares of John Wood Group in a report on Monday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 800 ($11.23) price objective on shares of John Wood Group in a report on Wednesday, December 20th. Credit Suisse Group reduced their price objective on John Wood Group from GBX 875 ($12.29) to GBX 865 ($12.15) and set an “outperform” rating on the stock in a report on Wednesday, December 13th. Finally, Jefferies Group reaffirmed an “underperform” rating and set a GBX 500 ($7.02) price objective on shares of John Wood Group in a report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. John Wood Group has a consensus rating of “Hold” and a consensus target price of GBX 797.52 ($11.20).

Shares of John Wood Group (WG) traded up GBX 0.80 ($0.01) on Friday, hitting GBX 650.20 ($9.13). The stock had a trading volume of 3,290,000 shares, compared to its average volume of 1,770,000. The firm has a market cap of $4,380.00 and a P/E ratio of -32,510.00. John Wood Group has a fifty-two week low of GBX 553 ($7.77) and a fifty-two week high of GBX 843.50 ($11.85).

In related news, insider Jann M. Brown purchased 1,193 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average price of GBX 645 ($9.06) per share, with a total value of £7,694.85 ($10,805.86). Also, insider David Kemp sold 6,615 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of GBX 714 ($10.03), for a total value of £47,231.10 ($66,326.50).

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About John Wood Group

John Wood Group PLC is a United Kingdom-based energy services company. The Company provides a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil and gas and power generation industries. It operates through two segments: Wood Group Engineering segment, which provides a range of engineering services, such as conceptual studies, engineering, project and construction management, and control system upgrades, to the upstream, subsea and pipeline, downstream, chemical process and industrial, and clean energy sectors, and Wood Group PSN segment, which provides production services to the upstream, midstream, downstream and industrial sectors through brownfield engineering and modifications, production enhancement, operations and maintenance, facility construction and maintenance management, industrial services, training and decommissioning services, and turbine activities.

Analyst Recommendations for John Wood Group (LON:WG)

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