John Wood Group (WG) Price Target Lowered to GBX 770 at JPMorgan Chase & Co.

John Wood Group (LON:WG) had its price target reduced by JPMorgan Chase & Co. from GBX 780 ($10.58) to GBX 770 ($10.44) in a research note published on Thursday, January 4th. They currently have an overweight rating on the stock.

Several other brokerages have also commented on WG. Royal Bank of Canada reiterated an outperform rating and issued a GBX 800 ($10.85) target price on shares of John Wood Group in a research report on Wednesday, December 20th. Numis Securities upgraded John Wood Group to a buy rating and set a GBX 780 ($10.58) target price for the company in a research report on Thursday, December 14th. Credit Suisse Group decreased their target price on John Wood Group from GBX 875 ($11.87) to GBX 865 ($11.73) and set an outperform rating for the company in a research report on Wednesday, December 13th. Jefferies Group reiterated an underperform rating and issued a GBX 500 ($6.78) target price on shares of John Wood Group in a research report on Monday, December 11th. Finally, lowered John Wood Group to an add rating and set a GBX 820 ($11.12) target price for the company. in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 798.63 ($10.83).

John Wood Group (WG) traded up GBX 8.20 ($0.11) during mid-day trading on Thursday, reaching GBX 692 ($9.38). The company’s stock had a trading volume of 2,280,000 shares, compared to its average volume of 2,520,000. John Wood Group has a 52 week low of GBX 553 ($7.50) and a 52 week high of GBX 892.50 ($12.10). The stock has a market cap of $4,680.00 and a P/E ratio of -34,600.00.

In related news, insider Jann M. Brown bought 1,193 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of GBX 645 ($8.75) per share, with a total value of £7,694.85 ($10,435.11). Also, insider David Kemp sold 6,615 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of GBX 714 ($9.68), for a total value of £47,231.10 ($64,050.85).

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