Brokerages Set John Wood Group PLC (WG) Price Target at $777.50
John Wood Group PLC (LON:WG) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 772.78 ($10.10).
WG has been the subject of a number of recent analyst reports. Numis Securities raised John Wood Group to an “add” rating and raised their price target for the company from GBX 740 ($9.67) to GBX 820 ($10.71) in a report on Wednesday, August 22nd. HSBC raised John Wood Group to a “buy” rating and raised their price target for the company from GBX 675 ($8.82) to GBX 725 ($9.47) in a report on Thursday, September 6th. Finally, Barclays raised their price target on John Wood Group from GBX 750 ($9.80) to GBX 910 ($11.89) and gave the company an “underweight” rating in a report on Wednesday, October 10th.
WG stock traded up GBX 10.20 ($0.13) during midday trading on Monday, reaching GBX 660.40 ($8.63). 1,011,085 shares of the company’s stock traded hands, compared to its average volume of 2,500,000. John Wood Group has a 1-year low of GBX 553 ($7.23) and a 1-year high of GBX 830 ($10.85).
About John Wood Group
John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services to the energy and industrial markets in the United Kingdom, the United States, and internationally. It operates in 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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