John Wood Group (LON:WG) Trading Up 1.9% – What’s Next?

John Wood Group PLC (LON:WG) shot up 1.9% during mid-day trading on Thursday . The stock traded as high as GBX 67.68 ($0.85) and last traded at GBX 67.50 ($0.85). 1,758,013 shares changed hands during trading, an increase of 231% from the average session volume of 530,810 shares. The stock had previously closed at GBX 66.25 ($0.84).

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WG shares. Berenberg Bank restated a “hold” rating and issued a GBX 150 ($1.89) price objective on shares of John Wood Group in a research report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 250 ($3.16) price objective on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Trading Up 2.9 %

The business’s fifty day moving average is GBX 90.65 and its 200 day moving average is GBX 140.67. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 66.76. The stock has a market cap of £477.81 million, a PE ratio of -58.90, a P/E/G ratio of 0.33 and a beta of 1.36.

Insider Buying and Selling at John Wood Group

In related news, insider Ken Gilmartin purchased 4,986 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was bought at an average price of GBX 134 ($1.69) per share, with a total value of £6,681.24 ($8,432.71). 1.81% of the stock is currently 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.