JPMorgan Chase & Co. Raises John Wood Group (LON:WG) Price Target to GBX 306

John Wood Group (LON:WG – Get Rating) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from GBX 285 ($3.51) to GBX 306 ($3.77) in a research report issued on Monday, Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 25.98% from the company’s previous close.

Several other research firms have also recently commented on WG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 ($3.70) price target on shares of John Wood Group in a report on Tuesday, May 17th. Citigroup reaffirmed a “buy” rating and set a GBX 400 ($4.93) target price on shares of John Wood Group in a research note on Monday, May 9th. Finally, Barclays reissued an “equal weight” rating and issued a GBX 330 ($4.07) price target on shares of John Wood Group in a research note on Thursday, April 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 327.67 ($4.04).

LON:WG opened at GBX 242.90 ($2.99) on Monday. The company has a market cap of £1.68 billion and a P/E ratio of -14.46. John Wood Group has a twelve month low of GBX 150.70 ($1.86) and a twelve month high of GBX 266.40 ($3.28). The company’s 50-day moving average price is GBX 191.32 and its 200-day moving average price is GBX 199.97. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 57.62.

In other news, insider David Kemp bought 1,936 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was bought at an average cost of GBX 220 ($2.71) per share, with a total value of £4,259.20 ($5,250.49). Also, insider Robin Watson purchased 3,769 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were acquired at an average price of GBX 174 ($2.14) per share, for a total transaction of £6,558.06 ($8,084.39).

John Wood Group Company Profile (Get Rating)

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.

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