John Wood Group (WG) Cut to Equal weight at Morgan Stanley

John Wood Group (LON:WG) was downgraded by research analysts at Morgan Stanley to an “equal weight” rating in a report released on Friday, April 13th. They presently have a GBX 700 ($10.02) price objective on the stock, down from their previous price objective of GBX 900 ($12.89). Morgan Stanley’s target price suggests a potential upside of 26.95% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays reaffirmed an “underweight” rating and issued a GBX 730 ($10.45) target price on shares of John Wood Group in a report on Wednesday, January 17th. Numis Securities reaffirmed a “buy” rating and issued a GBX 780 ($11.17) target price on shares of John Wood Group in a report on Monday, January 15th. JPMorgan Chase reduced their target price on John Wood Group from GBX 780 ($11.17) to GBX 770 ($11.03) and set an “overweight” rating on the stock in a report on Thursday, January 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 800 ($11.45) target price on shares of John Wood Group in a report on Wednesday, December 20th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 800 ($11.45) price objective on shares of John Wood Group in a report on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. John Wood Group currently has a consensus rating of “Hold” and a consensus price target of GBX 764.67 ($10.95).

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John Wood Group stock traded down GBX 5.60 ($0.08) during mid-day trading on Friday, reaching GBX 551.40 ($7.90). 2,265,112 shares of the company were exchanged, compared to its average volume of 2,500,000. John Wood Group has a 12 month low of GBX 553 ($7.92) and a 12 month high of GBX 830 ($11.88).

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John Wood Group Company Profile

John Wood Group PLC, together with its subsidiaries, provides engineering, procurement, construction, and maintenance services to the oil and gas, and power generation industries in the United Kingdom, the United States, and internationally. The company operates through three segments: Asset Life Cycle Solutions West, Asset Life Cycle Solutions East, and Specialist Technical Solutions.

Analyst Recommendations for John Wood Group (LON:WG)

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