John Wood Group PLC (WG) Rating Lowered to Add at Numis Securities Ltd

John Wood Group PLC (LON:WG) was downgraded by analysts at Numis Securities Ltd to an “add” rating in a report released on Tuesday. They presently have a GBX 820 ($10.79) price objective on the stock. Numis Securities Ltd’s target price points to a potential upside of 19.36% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Credit Suisse Group reiterated an “outperform” rating and set a GBX 875 ($11.51) target price on shares of John Wood Group PLC in a report on Thursday, October 26th. Barclays PLC reiterated an “underweight” rating and set a GBX 730 ($9.60) target price on shares of John Wood Group PLC in a report on Thursday, October 19th. Citigroup Inc. reiterated a “neutral” rating and set a GBX 700 ($9.21) target price on shares of John Wood Group PLC in a report on Tuesday, October 17th. J P Morgan Chase & Co upgraded John Wood Group PLC to an “overweight” rating and set a GBX 810 ($10.65) target price on the stock in a report on Thursday, October 12th. Finally, Jefferies Group LLC reiterated an “underperform” rating and set a GBX 500 ($6.58) target price on shares of John Wood Group PLC in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. John Wood Group PLC has an average rating of “Hold” and an average price target of GBX 800.86 ($10.53).

Shares of John Wood Group PLC (LON:WG) opened at GBX 687 ($9.04) on Tuesday. John Wood Group PLC has a fifty-two week low of GBX 553 ($7.27) and a fifty-two week high of GBX 909 ($11.96).

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In related news, insider David Kemp sold 6,615 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of GBX 714 ($9.39), for a total value of £47,231.10 ($62,121.66).

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