JPMorgan Chase & Co. Lowers John Wood Group (WG) Price Target to GBX 770

John Wood Group (LON:WG) had its price target decreased by research analysts at JPMorgan Chase & Co. from GBX 780 ($10.19) to GBX 770 ($10.06) in a note issued to investors on Friday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 26.98% from the stock’s previous close.

Several other research analysts have also issued reports on the company. HSBC raised John Wood Group to a “buy” rating and increased their target price for the stock from GBX 675 ($8.82) to GBX 725 ($9.47) in a research report on Thursday, September 6th. Barclays restated an “underweight” rating and issued a GBX 690 ($9.02) price target on shares of John Wood Group in a research note on Monday, August 20th. Numis Securities upgraded John Wood Group to an “add” rating and upped their price target for the stock from GBX 740 ($9.67) to GBX 820 ($10.71) in a research note on Wednesday, August 22nd. Finally, Sanford C. Bernstein cut their price target on John Wood Group from GBX 1,010 ($13.20) to GBX 1,000 ($13.07) and set an “outperform” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 798.18 ($10.43).

WG opened at GBX 606.40 ($7.92) on Friday. John Wood Group has a one year low of GBX 553 ($7.23) and a one year high of GBX 830 ($10.85).

In other news, insider David Kemp purchased 10,715 shares of the stock in a transaction dated Friday, November 30th. The shares were purchased at an average cost 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 stock in a transaction dated Friday, September 28th. The shares were purchased at an average cost of GBX 769 ($10.05) per share, for a total transaction of £7,505.44 ($9,807.19). Over the last quarter, insiders have acquired 12,099 shares of company stock worth $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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Analyst Recommendations for John Wood Group (LON:WG)

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