John Wood Group (LON:WG) Price Target Lowered to GBX 670 at Royal Bank of Canada

John Wood Group (LON:WG) had its price target reduced by Royal Bank of Canada from GBX 725 ($9.47) to GBX 670 ($8.75) in a research note released on Thursday, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on WG. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. UBS Group upgraded shares of to a neutral rating and lifted their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. Berenberg Bank raised shares of John Wood Group from a hold rating to a buy rating in a report on Friday, July 5th. Goldman Sachs Group reissued a neutral rating and set a $36.00 price objective on shares of General Motors in a report on Tuesday, March 26th. Finally, HSBC assumed coverage on shares of Dow Chemical in a report on Wednesday, April 3rd. They set a hold rating and a $53.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 657.27 ($8.59).

Shares of John Wood Group stock opened at GBX 512.20 ($6.69) on Thursday. 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 business has a 50 day moving average price of GBX 444.39. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 63.71. The stock has a market capitalization of $3.49 billion and a P/E ratio of -394.00.

In other John Wood Group news, insider Robin Watson bought 1,371 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of GBX 455 ($5.95) per share, with a total value of £6,238.05 ($8,151.12). Also, insider David Kemp bought 769 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was acquired at an average cost of GBX 514 ($6.72) per share, for a total transaction of £3,952.66 ($5,164.85). In the last three months, insiders have acquired 2,776 shares of company stock worth $1,305,907.

About John Wood Group

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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