Royal Bank of Canada Cuts John Wood Group (LON:WG) Price Target to GBX 670

John Wood Group (LON:WG) had its price objective cut by Royal Bank of Canada from GBX 725 ($9.47) to GBX 670 ($8.75) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. HSBC assumed coverage on Dow Chemical in a report on Wednesday, April 3rd. They set a hold rating and a $53.00 target price for the company. Credit Suisse Group set a €38.00 ($44.19) price target on Dialog Semiconductor and gave the stock a buy rating in a report on Thursday, May 9th. Berenberg Bank upgraded John Wood Group from a hold rating to a buy rating in a report on Friday, July 5th. Goldman Sachs Group restated a neutral rating and issued a $36.00 price target on shares of General Motors in a report on Tuesday, March 26th. Finally, UBS Group upgraded to a neutral rating and upped their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a report on Thursday, June 20th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 657.27 ($8.59).

Shares of LON:WG opened at GBX 512.20 ($6.69) on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 63.71. John Wood Group has a 1 year low of GBX 379.90 ($4.96) and a 1 year high of GBX 801.20 ($10.47). The stock has a market cap of $3.49 billion and a PE ratio of -394.00. The business’s 50-day moving average price is GBX 444.39.

In other news, insider David Kemp purchased 769 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average cost of GBX 514 ($6.72) per share, with a total value of £3,952.66 ($5,164.85). Also, insider Robin Watson purchased 1,371 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average cost of GBX 455 ($5.95) per share, for a total transaction of £6,238.05 ($8,151.12). Over the last quarter, insiders have bought 2,776 shares of company stock valued at $1,305,907.

John Wood Group Company Profile

John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services in energy, industry, and built environment worldwide. It operates through five segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Specialist Technical Solutions; Environment and Infrastructure Solutions; and Investment Services.

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Analyst Recommendations for John Wood Group (LON:WG)

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