In a report released today, Mick Pickup from Barclays upgraded John Wood (WG – Research Report) to a Hold, with a price target of £0.75. The company’s shares closed last Friday at p53.10.
According to TipRanks, Pickup is a 4-star analyst with an average return of 7.2% and a 52.99% success rate.
Currently, the analyst consensus on John Wood is a Moderate Buy with an average price target of p135.00.
The company has a one-year high of p213.20 and a one-year low of p46.02. Currently, John Wood has an average volume of 4.82M.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WG in relation to earlier this year.
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John Wood (WG) Company Description:
Wood Group (John) is an energy-services company that provides a range of engineering, production, and technical solutions primarily for the upstream, midstream, and downstream oil and gas sector. Operations are divided into four segments: Asset Solutions EAAA, Asset Solutions America, Technical Consulting Solutions, and Investment Solutions. The company provides services to the oil and gas sector through brownfield engineering and modifications, production enhancement, operations and maintenance, and facility construction and maintenance management. A vast majority of the revenue is generated by the Asset Solutions EAAA and Asset Solutions America’s segment combined, and most of the company’s revenue is earned in the United States.
