John Wood Group (LON:WG – Get Rating)’s stock had its “buy” rating restated by equities researchers at Citigroup in a research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 400 ($5.00) price objective on the stock. Citigroup’s price objective would indicate a potential upside of 78.25% from the company’s previous close.
A number of other brokerages have also recently commented on WG. Berenberg Bank increased their target price on John Wood Group from GBX 250 ($3.12) to GBX 300 ($3.75) and gave the company a “buy” rating in a report on Thursday, January 13th. Barclays reissued an “equal weight” rating and set a GBX 330 ($4.12) target price on shares of John Wood Group in a report on Thursday, April 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 325 ($4.06).
LON WG opened at GBX 224.40 ($2.80) on Monday. The stock has a 50-day moving average of GBX 180.66 and a 200 day moving average of GBX 200.03. John Wood Group has a twelve month low of GBX 150.70 ($1.88) and a twelve month high of GBX 293 ($3.66). The stock has a market capitalization of £1.55 billion and a price-to-earnings ratio of -8.40. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 52.87.
In other news, insider Robin Watson purchased 3,769 shares of the stock in a transaction dated Thursday, March 17th. The stock was acquired at an average cost of GBX 174 ($2.17) per share, for a total transaction of £6,558.06 ($8,192.45). Also, insider David Kemp purchased 1,936 shares of the stock in a transaction dated Thursday, April 28th. The shares were purchased at an average price of GBX 220 ($2.75) per share, with a total value of £4,259.20 ($5,320.67). Over the last 90 days, insiders have bought 5,766 shares of company stock valued at $1,096,671.
About John Wood Group (Get Rating)
John Wood Group PLC, together with its subsidiaries, provides consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through four segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Technical Consulting Solutions; and Investment Services.