John Wood Group (LON:WG) Lifted to Buy at Citigroup

Citigroup upgraded shares of John Wood Group (LON:WG) to a buy rating in a research note published on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently issued reports on WG. Morgan Stanley cut their target price on John Wood Group from GBX 660 ($8.68) to GBX 620 ($8.16) and set an overweight rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their target price on John Wood Group from GBX 700 ($9.21) to GBX 590 ($7.76) and set an overweight rating on the stock in a research note on Wednesday. UBS Group reiterated a neutral rating and issued a GBX 350 ($4.60) target price (down from GBX 530 ($6.97)) on shares of John Wood Group in a research note on Friday, November 1st. Credit Suisse Group cut their target price on John Wood Group from GBX 550 ($7.23) to GBX 530 ($6.97) and set an outperform rating on the stock in a research note on Friday, October 25th. Finally, Barclays cut their target price on John Wood Group from GBX 600 ($7.89) to GBX 450 ($5.92) and set an underweight rating on the stock in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 556.82 ($7.32).

Shares of WG opened at GBX 373.20 ($4.91) on Wednesday. The business’s fifty day moving average price is GBX 351.54 and its 200 day moving average price is GBX 408.52. John Wood Group has a 12-month low of GBX 314.40 ($4.14) and a 12-month high of GBX 648.60 ($8.53). The stock has a market capitalization of $2.54 billion and a PE ratio of 43.91. The company has a debt-to-equity ratio of 82.06, a current ratio of 1.06 and a quick ratio of 0.97.

In related news, insider David Kemp acquired 1,132 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average cost of GBX 349 ($4.59) per share, for a total transaction of £3,950.68 ($5,196.90).

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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