John Wood Group (LON:WG) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

John Wood Group PLC (LON:WG) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 128.15 ($1.66) and traded as high as GBX 129.65 ($1.68). John Wood Group shares last traded at GBX 127 ($1.65), with a volume of 719,573 shares changing hands.

Wall Street Analyst Weigh In

WG has been the topic of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 ($3.24) target price on shares of John Wood Group in a research report on Tuesday, October 8th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 150 ($1.95) price objective on shares of John Wood Group in a research report on Friday, August 23rd.

John Wood Group Stock Down 2.7 %

The company has a 50-day simple moving average of GBX 128.15 and a 200 day simple moving average of GBX 161.44. The company has a market cap of £849.74 million, a P/E ratio of -107.63, a P/E/G 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.

Insider Buying and Selling at John Wood Group

In other news, insider Birgitte Brinch Madsen purchased 15,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were acquired at an average price of GBX 132 ($1.71) per share, with a total value of £19,800 ($25,677.60). In related news, insider Ken Gilmartin acquired 5,114 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of GBX 131 ($1.70) per share, for a total transaction of £6,699.34 ($8,688.03). Also, insider Birgitte Brinch Madsen acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average price of GBX 132 ($1.71) per share, with a total value of £19,800 ($25,677.60). Insiders have acquired 30,141 shares of company stock valued at $3,983,470 in the last quarter. 1.81% of the stock is owned by 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.