John Wood Group PLC (LON:WG) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 798.18 ($10.43).
Several equities analysts recently commented on WG shares. HSBC raised shares of John Wood Group to a “buy” rating and boosted their price objective for the company from GBX 675 ($8.82) to GBX 725 ($9.47) in a research note on Thursday, September 6th. Barclays reaffirmed an “underweight” rating and set a GBX 690 ($9.02) price objective on shares of John Wood Group in a research note on Monday, August 20th. Numis Securities raised shares of John Wood Group to an “add” rating and boosted their price objective for the company from GBX 740 ($9.67) to GBX 820 ($10.71) in a research note on Wednesday, August 22nd. Sanford C. Bernstein reduced their price objective on shares of John Wood Group from GBX 1,010 ($13.20) to GBX 1,000 ($13.07) and set an “outperform” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of John Wood Group from GBX 780 ($10.19) to GBX 770 ($10.06) and set an “overweight” rating for the company in a research note on Friday.
LON:WG traded up GBX 28.80 ($0.38) during mid-day trading on Friday, hitting GBX 630.20 ($8.23). 1,951,797 shares of the stock traded hands, compared to its average volume of 2,500,000. John Wood Group has a 12-month low of GBX 553 ($7.23) and a 12-month high of GBX 830 ($10.85).
In related news, insider David Kemp purchased 10,715 shares of the business’s stock in a transaction on Friday, November 30th. The stock was acquired at an average price of GBX 636 ($8.31) per share, with a total value of £68,147.40 ($89,046.65). Also, insider Jann M. Brown purchased 976 shares of the business’s stock in a transaction on Friday, September 28th. The stock was bought at an average cost of GBX 769 ($10.05) per share, with a total value of £7,505.44 ($9,807.19). In the last three months, insiders acquired 12,099 shares of company stock valued at $7,865,164.
John Wood Group Company Profile
John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services to the energy and industrial markets in the United Kingdom, the United States, and internationally. It operates in five segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Specialist Technical Solutions; Environment and Infrastructure Solutions; and Investment Services.
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