Shares of John Wood Group PLC (LON:WG) have been assigned an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 791 ($10.34).
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on 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, December 7th. Berenberg Bank assumed coverage on John Wood Group in a research note on Tuesday, February 26th. They set a “hold” rating and a GBX 575 ($7.51) target price for the company. HSBC cut their target price on John Wood Group from GBX 780 ($10.19) to GBX 745 ($9.73) and set a “buy” rating for the company in a research note on Friday, December 14th. Royal Bank of Canada cut their target price on John Wood Group from GBX 800 ($10.45) to GBX 725 ($9.47) and set an “outperform” rating for the company in a research note on Wednesday, December 12th. Finally, Sanford C. Bernstein lowered their price target 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 report on Tuesday, December 4th.
LON WG opened at GBX 566 ($7.40) on Friday. The company has a debt-to-equity ratio of 67.73, a current ratio of 1.08 and a quick ratio of 1.02. John Wood Group has a fifty-two week low of GBX 481 ($6.29) and a fifty-two week high of GBX 801.20 ($10.47). The firm has a market cap of $3.70 billion and a price-to-earnings ratio of -36.99.
The business also recently declared a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from John Wood Group’s previous dividend of $0.11. This represents a dividend yield of 3.24%. John Wood Group’s dividend payout ratio is -1.11%.
In related news, insider David Kemp acquired 1,163 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was acquired at an average cost of GBX 537 ($7.02) per share, for a total transaction of £6,245.31 ($8,160.60). Also, insider Robin Watson acquired 1,099 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The stock was bought at an average price of GBX 523 ($6.83) per share, with a total value of £5,747.77 ($7,510.48).
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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