John Wood Group PLC (LON:WG) has received an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 792.81 ($10.95).
A number of equities analysts have issued reports on WG shares. Barclays restated an “underweight” rating and issued a GBX 730 ($10.09) price objective on shares of John Wood Group in a research report on Wednesday, January 17th. Credit Suisse Group decreased their price objective on shares of John Wood Group from GBX 875 ($12.09) to GBX 865 ($11.95) and set an “outperform” rating on the stock in a research report on Wednesday, December 13th. Jefferies Group restated an “underperform” rating and issued a GBX 500 ($6.91) price objective on shares of John Wood Group in a research report on Monday, December 11th. cut shares of John Wood Group to an “add” rating and set a GBX 820 ($11.33) price objective on the stock. in a research report on Tuesday, November 14th. Finally, Numis Securities restated a “buy” rating and issued a GBX 780 ($10.78) price objective on shares of John Wood Group in a research report on Monday, January 15th.
In related news, insider Jann M. Brown purchased 1,193 shares of John Wood Group stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average price of GBX 645 ($8.91) per share, for a total transaction of £7,694.85 ($10,631.18).
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John Wood Group Company Profile
John Wood Group PLC is a United Kingdom-based energy services company. The Company provides a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil and gas and power generation industries. It operates through two segments: Wood Group Engineering segment, which provides a range of engineering services, such as conceptual studies, engineering, project and construction management, and control system upgrades, to the upstream, subsea and pipeline, downstream, chemical process and industrial, and clean energy sectors, and Wood Group PSN segment, which provides production services to the upstream, midstream, downstream and industrial sectors through brownfield engineering and modifications, production enhancement, operations and maintenance, facility construction and maintenance management, industrial services, training and decommissioning services, and turbine activities.
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