John Wood Group (LON:WG) Stock Price Crosses Below 200 Day Moving Average of $150.25

Shares of John Wood Group PLC (LON:WG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 150.25 ($1.86) and traded as low as GBX 147.80 ($1.83). John Wood Group shares last traded at GBX 152.20 ($1.88), with a volume of 779,595 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on John Wood Group from GBX 180 ($2.22) to GBX 150 ($1.85) and set a “hold” rating for the company in a research report on Friday, April 5th.

John Wood Group Stock Down 1.8 %

The company has a debt-to-equity ratio of 41.96, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market capitalization of £1.03 billion, a price-to-earnings ratio of -1,014.67, a PEG ratio of 0.33 and a beta of 1.55. The firm has a 50-day moving average price of GBX 143.67 and a two-hundred day moving average price of GBX 150.25.

Insider Transactions at John Wood Group

In other news, insider Ken Gilmartin acquired 278,178 shares of John Wood Group stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average cost of GBX 129 ($1.59) per share, with a total value of £358,849.62 ($443,243.11). 1.70% of the stock is owned by insiders.

About John Wood Group

John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through Projects, Operations, Consulting, and Investment Services segments. The Projects segment provides engineering design and project management services across energy and materials markets including oil and gas, chemicals, mining, minerals, and life sciences.