John Wood Group (WG) Stock Rating Reaffirmed by JPMorgan Chase

JPMorgan Chase restated their overweight rating on shares of John Wood Group (LON:WG) in a report issued on Monday.

Other equities research analysts also recently issued reports about the company. Numis Securities upgraded John Wood Group to a buy rating and dropped their price objective for the stock from GBX 780 ($10.58) to GBX 740 ($10.04) in a report on Wednesday, March 21st. Canaccord Genuity restated a buy rating and set a GBX 800 ($10.85) price objective on shares of John Wood Group in a report on Friday, March 23rd. Morgan Stanley downgraded John Wood Group to an equal weight rating and dropped their price objective for the stock from GBX 900 ($12.21) to GBX 700 ($9.50) in a report on Friday, April 13th. Credit Suisse Group dropped their price objective on John Wood Group from GBX 865 ($11.73) to GBX 750 ($10.17) and set an outperform rating on the stock in a report on Thursday, March 22nd. Finally, Barclays restated an underweight rating and set a GBX 730 ($9.90) price objective on shares of John Wood Group in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. John Wood Group has an average rating of Hold and a consensus target price of GBX 767.50 ($10.41).

WG stock opened at GBX 691.20 ($9.38) on Monday. John Wood Group has a 52-week low of GBX 553 ($7.50) and a 52-week high of GBX 830 ($11.26).

The company also recently declared a dividend, which was paid on Thursday, May 17th. Stockholders of record on Thursday, April 19th were issued a $0.23 dividend. This represents a dividend yield of 2.85%. This is an increase from John Wood Group’s previous dividend of $0.11. The ex-dividend date of this dividend was Thursday, April 19th.

John Wood Group Company Profile

John Wood Group PLC, together with its subsidiaries, provides engineering, procurement, construction, and maintenance services to the oil and gas, and power generation industries in the United Kingdom, the United States, and internationally. The company operates through three segments: Asset Life Cycle Solutions West, Asset Life Cycle Solutions East, and Specialist Technical Solutions.

Analyst Recommendations for John Wood Group (LON:WG)

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