John Wood Group PLC (WG) Receives Average Rating of “Hold” from Brokerages

Shares of John Wood Group PLC (LON:WG) have earned an average rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 794.71 ($11.14).

Several research firms have weighed in on WG. Barclays restated an “underweight” rating and set a GBX 730 ($10.24) price objective on shares of John Wood Group in a report on Wednesday, January 17th. Credit Suisse Group lowered their price objective on shares of John Wood Group from GBX 875 ($12.27) to GBX 865 ($12.13) and set an “outperform” rating on the stock in a report on Wednesday, December 13th. Jefferies Group restated an “underperform” rating and set a GBX 500 ($7.01) price objective on shares of John Wood Group in a report on Monday, December 11th. downgraded shares of John Wood Group to an “add” rating and set a GBX 820 ($11.50) price objective on the stock. in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 780 ($10.94) price objective on shares of John Wood Group in a report on Thursday, December 14th.

In other John Wood Group news, insider Jann M. Brown bought 1,193 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of GBX 645 ($9.04) per share, for a total transaction of £7,694.85 ($10,789.19).

Shares of John Wood Group (WG) traded down GBX 6.20 ($0.09) during midday trading on Friday, reaching GBX 605.40 ($8.49). 3,825,468 shares of the company traded hands, compared to its average volume of 2,010,000. The company has a market capitalization of $4,090.00 and a price-to-earnings ratio of -30,270.00. John Wood Group has a fifty-two week low of GBX 553 ($7.75) and a fifty-two week high of GBX 838 ($11.75).

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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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