John Wood Group (LON:WG) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 161.83 ($2.10) and traded as low as GBX 127.10 ($1.65). John Wood Group shares last traded at GBX 127.20 ($1.65), with a volume of 776,766 shares traded.

Wall Street Analysts Forecast Growth

WG has been the subject of several recent research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 250 ($3.25) price target on shares of John Wood Group in a research note on Tuesday, October 8th. Berenberg Bank reiterated a “hold” rating and issued a GBX 150 ($1.95) price objective on shares of John Wood Group in a report on Friday, August 23rd.

John Wood Group Stock Performance

The company has a debt-to-equity ratio of 66.76, a current ratio of 0.98 and a quick ratio of 0.75. The stock has a market cap of £875.17 million, a PE ratio of -107.88, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36. The business has a 50 day moving average price of GBX 128.83 and a two-hundred day moving average price of GBX 161.80.

Insider Activity at John Wood Group

In other news, insider Ken Gilmartin bought 5,041 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of GBX 132 ($1.71) per share, for a total transaction of £6,654.12 ($8,639.47). In other John Wood Group news, insider Ken Gilmartin bought 5,041 shares of John Wood Group stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of GBX 132 ($1.71) per share, with a total value of £6,654.12 ($8,639.47). Also, insider Birgitte Brinch Madsen bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average price of GBX 132 ($1.71) per share, with a total value of £19,800 ($25,707.61). Insiders bought 30,141 shares of company stock worth $3,983,470 in the last three months. 1.81% of the stock is owned by insiders.

John Wood Group Company Profile

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.