Barclays Reaffirms “Underweight” Rating for John Wood Group (LON:WG)

Barclays reaffirmed their underweight rating on shares of John Wood Group (LON:WG) in a report published on Wednesday, Digital Look reports. Barclays currently has a GBX 600 ($7.84) price target on the stock.

A number of other brokerages have also recently commented on WG. JPMorgan Chase & Co. decreased their price target on John Wood Group from GBX 760 ($9.93) to GBX 720 ($9.41) and set an overweight rating on the stock in a research report on Tuesday, July 23rd. Berenberg Bank upgraded John Wood Group to a buy rating and raised their price target for the stock from GBX 560 ($7.32) to GBX 590 ($7.71) in a research report on Friday, July 5th. Jefferies Financial Group restated an underperform rating on shares of John Wood Group in a research report on Friday, August 16th. Credit Suisse Group cut John Wood Group to a neutral rating and decreased their price target for the stock from GBX 750 ($9.80) to GBX 505 ($6.60) in a research report on Thursday, May 9th. Finally, Royal Bank of Canada decreased their price target on John Wood Group from GBX 725 ($9.47) to GBX 670 ($8.75) and set an outperform rating on the stock in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 637 ($8.32).

Shares of LON WG opened at GBX 391.20 ($5.11) on Wednesday. The company has a debt-to-equity ratio of 63.71, a quick ratio of 0.98 and a current ratio of 1.04. John Wood Group has a 52 week low of GBX 379.90 ($4.96) and a 52 week high of GBX 801.20 ($10.47). The stock has a market capitalization of $2.67 billion and a P/E ratio of -300.92. The stock’s fifty day moving average is GBX 490.17 and its 200 day moving average is GBX 486.59.



The firm also recently announced a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.11 dividend. This represents a yield of 2.18%. The ex-dividend date of this dividend is Thursday, August 29th. John Wood Group’s dividend payout ratio is presently -20.77%.

In other John Wood Group news, insider Roy A. Franklin bought 9,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of GBX 405 ($5.29) per share, for a total transaction of £36,450 ($47,628.38). Also, insider David Kemp bought 769 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was acquired at an average price of GBX 514 ($6.72) per share, for a total transaction of £3,952.66 ($5,164.85). In the last quarter, insiders acquired 10,405 shares of company stock worth $4,327,102.

John Wood Group Company Profile

John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services in energy, industry, and built environment worldwide. It operates through 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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