John Wood Group (LON:WG) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 21.67 and traded as high as GBX 26.70. John Wood Group shares last traded at GBX 26.36, with a volume of 4,385,539 shares trading hands.

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating and issued a GBX 30 price target on shares of John Wood Group in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, John Wood Group currently has a consensus rating of “Buy” and a consensus price target of GBX 30.

John Wood Group Trading Down 0.4%

The stock has a market cap of £218.16 million, a P/E ratio of -0.21, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36. The company has a 50 day simple moving average of GBX 21.67. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 66.97.

Insiders Place Their Bets

In other John Wood Group news, insider Birgitte Brinch Madsen sold 10,000 shares of John Wood Group stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of GBX 24, for a total value of £2,400. Corporate insiders own 1.81% of the company’s stock.

About John Wood Group

John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through Projects, Operations, Consulting, and Investment Services segments. The Projects segment provides engineering design and project management services across energy and materials markets including oil and gas, chemicals, mining, minerals, and life sciences. The Operations segment offers maintenance, modifications, brownfield engineering, asset management, repair and overhaul, and decommissioning services.