Insider Buying: John Wood Group PLC (LON:WG) Insider Buys 22,000 Shares of Stock

John Wood Group PLC (LON:WGGet Rating) insider Roy Franklin acquired 22,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were bought at an average cost of GBX 220 ($2.78) per share, for a total transaction of £48,400 ($61,234.82).

John Wood Group stock opened at GBX 223.40 ($2.83) on Monday. The company’s 50 day simple moving average is GBX 204.62 and its 200 day simple moving average is GBX 202.73. John Wood Group PLC has a fifty-two week low of GBX 150.70 ($1.91) and a fifty-two week high of GBX 266.40 ($3.37). The firm has a market capitalization of £1.55 billion and a price-to-earnings ratio of -13.62. The company has a debt-to-equity ratio of 57.62, a current ratio of 0.87 and a quick ratio of 0.82.

A number of equities research analysts have commented on WG shares. Berenberg Bank reissued a “buy” rating and set a GBX 300 ($3.80) price objective on shares of John Wood Group in a report on Tuesday, May 17th. Citigroup reaffirmed a “buy” rating and issued a GBX 400 ($5.06) target price on shares of John Wood Group in a research note on Monday, May 9th. Barclays reaffirmed an “equal weight” rating and issued a GBX 330 ($4.18) target price on shares of John Wood Group in a research note on Thursday, April 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of John Wood Group from GBX 285 ($3.61) to GBX 306 ($3.87) and gave the company an “overweight” rating in a research note on Monday, May 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 327.67 ($4.15).

John Wood Group Company Profile (Get Rating)

John Wood Group PLC, together with its subsidiaries, provides consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through four segments: Projects, Operations, Consulting, and Investment. The company offers engineering solutions, including decarbonization and optimization in energy and industry; and renewable energy, future fuels, and low carbon solutions.

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