John Wood Group (LON:WG) had its target price reduced by Sanford C. Bernstein from GBX 1,010 ($13.20) to GBX 1,000 ($13.07) in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 52.44% from the stock’s current price.
Several other research firms have also weighed in on WG. Barclays reaffirmed an “underweight” rating and issued a GBX 690 ($9.02) price objective on shares of John Wood Group in a research note on Monday, August 20th. HSBC upgraded John Wood Group to a “buy” rating and raised their target price for the company from GBX 675 ($8.82) to GBX 725 ($9.47) in a report on Thursday, September 6th. Finally, Numis Securities upgraded John Wood Group to an “add” rating and raised their target price for the company from GBX 740 ($9.67) to GBX 820 ($10.71) in a report on Wednesday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 796.36 ($10.41).
John Wood Group stock traded down GBX 18.40 ($0.24) during midday trading on Tuesday, reaching GBX 656 ($8.57). 2,411,768 shares of the company were exchanged, 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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