John Wood Group (LON:WG) Share Price Crosses Below 200 Day Moving Average – What’s Next?

by · The Markets Daily

John Wood Group PLC (LON:WG – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 120.86 ($1.47) and traded as low as GBX 61.95 ($0.75). John Wood Group shares last traded at GBX 61.95 ($0.75), with a volume of 1,514,974 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 250 ($3.04) target price on shares of John Wood Group in a research note on Tuesday, October 8th.

Read Our Latest Analysis on John Wood Group

John Wood Group Stock Performance

The company has a market cap of £454.77 million, a PE ratio of -56.06, a PEG ratio of 0.33 and a beta of 1.36. The company has a debt-to-equity ratio of 66.76, a quick ratio of 0.75 and a current ratio of 0.98. The firm’s 50 day moving average is GBX 61.31 and its 200-day moving average is GBX 118.

Insider Buying and Selling

In related news, insider Ken Gilmartin bought 10,305 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average cost of GBX 65 ($0.79) per share, for a total transaction of £6,698.25 ($8,149.71). 1.81% of the stock is currently owned by company insiders.

About John Wood Group

(Get Free Report)

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.

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