John Wood Group (WG) Sets New 52-Week Low at $436.20

John Wood Group PLC (LON:WG) reached a new 52-week low on Wednesday . The stock traded as low as GBX 436.20 ($5.70) and last traded at GBX 438 ($5.72), with a volume of 1057536 shares traded. The stock had previously closed at GBX 452.30 ($5.91).

Several brokerages have commented on WG. HSBC restated a “buy” rating on shares of John Wood Group in a research note on Friday, February 1st. Berenberg Bank began coverage on shares of John Wood Group in a research note on Tuesday, February 26th. They issued a “hold” rating and a GBX 575 ($7.51) price target on the stock. Jefferies Financial Group lowered shares of John Wood Group to an “underperform” rating and dropped their price target for the company from GBX 550 ($7.19) to GBX 480 ($6.27) in a research note on Monday, March 25th. Goldman Sachs Group lowered shares of John Wood Group to a “sell” rating and dropped their price target for the company from GBX 650.10 ($8.49) to GBX 480 ($6.27) in a research note on Tuesday, March 26th. Finally, UBS Group restated a “neutral” rating and issued a GBX 540 ($7.06) price target (down previously from GBX 670 ($8.75)) on shares of John Wood Group in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 702.50 ($9.18).

The company has a debt-to-equity ratio of 63.71, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market cap of $2.94 billion and a PE ratio of -338.31.

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

In related news, insider Jann M. Brown acquired 1,588 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of GBX 525 ($6.86) per share, for a total transaction of £8,337 ($10,893.77). Also, insider David Kemp acquired 1,163 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was bought at an average price of GBX 537 ($7.02) per share, with a total value of £6,245.31 ($8,160.60). Insiders bought 5,340 shares of company stock valued at $2,705,652 over the last quarter.

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John Wood Group Company Profile (LON:WG)

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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