John Wood Group (WG) PT Lowered to GBX 600

John Wood Group (LON:WG) had its price objective lowered by Barclays from GBX 910 ($11.89) to GBX 600 ($7.84) in a research report report published on Friday morning, ThisIsMoney.Co.Uk reports. Barclays currently has an underweight rating on the stock.

Several other brokerages have also recently issued reports on WG. HSBC dropped their target price on John Wood Group from GBX 745 ($9.73) to GBX 695 ($9.08) and set a buy rating on the stock in a research report on Wednesday, April 3rd. UBS Group reaffirmed a neutral rating and set a GBX 540 ($7.06) target price (down previously from GBX 670 ($8.75)) on shares of John Wood Group in a research report on Tuesday, April 2nd. Jefferies Financial Group reaffirmed an underperform rating and set a GBX 650 ($8.49) target price (up previously from GBX 480 ($6.27)) on shares of John Wood Group in a research report on Tuesday, April 9th. Goldman Sachs Group cut John Wood Group to a sell rating and dropped their target price for the company from GBX 650.10 ($8.49) to GBX 480 ($6.27) in a research report on Tuesday, March 26th. Finally, Credit Suisse Group cut John Wood Group to a neutral rating and dropped their target price for the company from GBX 750 ($9.80) to GBX 505 ($6.60) in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 676.67 ($8.84).

Shares of LON WG opened at GBX 408.80 ($5.34) on Friday. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 63.71. The firm has a market cap of $2.74 billion and a price-to-earnings ratio of -314.46. John Wood Group has a 12-month low of GBX 436.80 ($5.71) and a 12-month high of GBX 801.20 ($10.47).

The firm also recently disclosed a dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th were given a $0.24 dividend. This is a boost from John Wood Group’s previous dividend of $0.11. The ex-dividend date of this dividend was Thursday, April 25th. This represents a dividend yield of 3.24%. John Wood Group’s dividend payout ratio (DPR) is presently -20.77%.

In other John Wood Group news, insider Robin Watson acquired 1,371 shares of the stock in a transaction dated Thursday, May 16th. The stock was purchased at an average price of GBX 455 ($5.95) per share, with a total value of £6,238.05 ($8,151.12). Also, insider Jann M. Brown acquired 1,588 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of GBX 525 ($6.86) per share, with a total value of £8,337 ($10,893.77). Insiders bought a total of 4,177 shares of company stock valued at $2,081,121 in the last three months.

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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