John Wood Group (LON:WG) had its price objective trimmed by HSBC from GBX 605 ($7.96) to GBX 365 ($4.80) in a research report released on Tuesday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
WG has been the subject of a number of other research reports. Royal Bank of Canada reiterated an outperform rating on shares of John Wood Group in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on shares of John Wood Group from GBX 700 ($9.21) to GBX 590 ($7.76) and set an overweight rating for the company in a research report on Wednesday, December 11th. Jefferies Financial Group restated a hold rating and set a GBX 350 ($4.60) price target (down previously from GBX 370 ($4.87)) on shares of John Wood Group in a research report on Monday, December 9th. UBS Group restated a neutral rating and set a GBX 360 ($4.74) price target (up previously from GBX 350 ($4.60)) on shares of John Wood Group in a research report on Tuesday, February 25th. Finally, Citigroup restated a buy rating and set a GBX 450 ($5.92) price target on shares of John Wood Group in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. John Wood Group currently has an average rating of Buy and a consensus price target of GBX 403.92 ($5.31).
Shares of John Wood Group stock opened at GBX 177.85 ($2.34) on Tuesday. The firm has a 50-day simple moving average of GBX 318.61 and a two-hundred day simple moving average of GBX 359.09. The company has a market cap of $988.23 million and a P/E ratio of 16.94. John Wood Group has a fifty-two week low of GBX 100.90 ($1.33) and a fifty-two week high of GBX 560.80 ($7.38). The company has a debt-to-equity ratio of 87.97, a quick ratio of 0.81 and a current ratio of 0.95.
The business also recently declared a dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 16th will be given a dividend of $0.24 per share. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, April 16th. This is an increase from John Wood Group’s previous dividend of $0.11. John Wood Group’s dividend payout ratio is 2.67%.
In related news, insider Adrian Marsh sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of GBX 408 ($5.37), for a total transaction of £8,160 ($10,734.02). Also, insider David Kemp acquired 1,015 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were acquired at an average cost of GBX 389 ($5.12) per share, with a total value of £3,948.35 ($5,193.83).
About John Wood Group
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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