John Wood Group (LON:WG) Shares Up 1.9% – Here’s Why

John Wood Group PLC (LON:WG) rose 1.9% on Thursday . The stock traded as high as GBX 67.68 ($0.86) and last traded at GBX 67.50 ($0.86). Approximately 1,758,013 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 530,810 shares. The stock had previously closed at GBX 66.25 ($0.84).

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WG shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 ($3.17) target price on shares of John Wood Group in a research report on Tuesday, October 8th. Berenberg Bank reissued a “hold” rating and issued a GBX 150 ($1.90) target price on shares of John Wood Group in a research note on Friday, August 23rd.

John Wood Group Price Performance

The company has a market cap of £464.06 million, a price-to-earnings ratio of -57.20, a P/E/G ratio of 0.33 and a beta of 1.36. The company’s 50-day simple moving average is GBX 93.04 and its 200-day simple moving average is GBX 142.25. The company has a debt-to-equity ratio of 66.76, a current ratio of 0.98 and a quick ratio of 0.75.

Insider Activity at John Wood Group

In related news, insider Ken Gilmartin purchased 4,986 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of GBX 134 ($1.70) per share, with a total value of £6,681.24 ($8,469.06). Company insiders own 1.81% of the company’s stock.

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.