John Wood Group (LON:WG) Earns “Buy” Rating from Citigroup

John Wood Group (LON:WG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup in a report released on Friday, Digital Look reports. They presently have a GBX 270 ($3.66) price objective on the stock. Citigroup’s price target indicates a potential upside of 11.39% from the stock’s current price.

Several other research firms have also recently issued reports on WG. Berenberg Bank boosted their price objective on shares of John Wood Group from GBX 250 ($3.39) to GBX 300 ($4.07) and gave the company a “buy” rating in a research report on Thursday. Barclays reissued an “equal weight” rating and issued a GBX 330 ($4.48) price objective on shares of John Wood Group in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of John Wood Group from GBX 330 ($4.48) to GBX 290 ($3.94) and set an “overweight” rating for the company in a research report on Friday, December 10th. Finally, Canaccord Genuity Group lowered their price target on shares of John Wood Group from GBX 325 ($4.41) to GBX 300 ($4.07) and set a “buy” rating for the company in a research report on Wednesday, January 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 307.88 ($4.18).

John Wood Group stock opened at GBX 242.40 ($3.29) on Friday. The stock has a market cap of £1.68 billion and a price-to-earnings ratio of -9.81. The company has a debt-to-equity ratio of 52.87, a current ratio of 0.75 and a quick ratio of 0.74. John Wood Group has a 1 year low of GBX 171.90 ($2.33) and a 1 year high of GBX 353.30 ($4.80). The firm has a 50-day moving average of GBX 196.96 and a two-hundred day moving average of GBX 215.48.

In other news, insider Adrian Marsh bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The stock was bought at an average price of GBX 199 ($2.70) per share, with a total value of £49,750 ($67,530.88). Also, insider Jacqui Ferguson bought 1,351 shares of the firm’s stock in a transaction that occurred on Thursday, December 23rd. The shares were purchased at an average cost of GBX 186 ($2.52) per share, with a total value of £2,512.86 ($3,410.97). Insiders bought a total of 29,532 shares of company stock valued at $5,883,492 in the last ninety days.

John Wood Group Company Profile

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.

Read More: Hedge Funds – Risk or Reward?

Analyst Recommendations for John Wood Group (LON:WG)

Receive News & Ratings for John Wood Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Wood Group and related companies with MarketBeat.com's FREE daily email newsletter.