John Wood Group (LON:WG) Shares Up 1.9% – Time to Buy?

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

Analyst Ratings Changes

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

John Wood Group Stock Up 2.9 %

The company has a market capitalization of £477.81 million, a PE ratio of -58.90, a PEG ratio of 0.33 and a beta of 1.36. The company has a current ratio of 0.98, a quick ratio of 0.75 and a debt-to-equity ratio of 66.76. The business has a fifty day moving average of GBX 90.65 and a 200 day moving average of GBX 140.67.

Insider Buying and Selling

In other John Wood Group news, insider Ken Gilmartin purchased 4,986 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were bought at an average cost of GBX 134 ($1.69) per share, for a total transaction 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.