John Wood Group (LON:WG) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

John Wood Group PLC (LON:WG)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 161.87 ($2.11) and traded as low as GBX 125.20 ($1.63). John Wood Group shares last traded at GBX 128.40 ($1.68), with a volume of 1,628,908 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Berenberg Bank reiterated a “hold” rating and set a GBX 150 ($1.96) price target on shares of John Wood Group in a report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 250 ($3.26) price objective on shares of John Wood Group in a research report on Tuesday, October 8th.

John Wood Group Trading Down 1.4 %

The company has a market capitalization of £870.36 million, a P/E ratio of -107.29, a P/E/G ratio of 0.33 and a beta of 1.36. The company has a 50-day simple moving average of GBX 129.04 and a 200 day simple moving average of GBX 161.87. The company has a debt-to-equity ratio of 66.76, a quick ratio of 0.75 and a current ratio of 0.98.

Insider Buying and Selling

In related news, insider Ken Gilmartin bought 5,114 shares of John Wood Group stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of GBX 131 ($1.71) per share, for a total transaction of £6,699.34 ($8,748.16). In other news, insider Ken Gilmartin bought 5,114 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of GBX 131 ($1.71) per share, for a total transaction of £6,699.34 ($8,748.16). Also, insider Birgitte Brinch Madsen purchased 15,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average price of GBX 132 ($1.72) per share, for a total transaction of £19,800 ($25,855.31). Over the last quarter, insiders have purchased 28,411 shares of company stock valued at $3,982,826. 1.81% of the stock is owned by company 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.