John Wood Group (WG) Given New GBX 865 Price Target at Credit Suisse Group

John Wood Group (LON:WG) had its target price dropped by analysts at Credit Suisse Group from GBX 875 ($11.78) to GBX 865 ($11.64) in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 37.41% from the company’s previous close.

WG has been the subject of several other research reports. Morgan Stanley reissued an “overweight” rating and issued a GBX 960 ($12.92) target price on shares of John Wood Group in a research report on Monday, October 2nd. Barclays reissued an “underweight” rating and issued a GBX 730 ($9.83) target price on shares of John Wood Group in a research report on Thursday, October 19th. Jefferies Group dropped their target price on shares of John Wood Group from GBX 540 ($7.27) to GBX 500 ($6.73) and set an “underperform” rating for the company in a research report on Wednesday, September 6th. downgraded shares of John Wood Group to an “add” rating and set a GBX 820 ($11.04) target price for the company. in a research report on Tuesday, November 14th. Finally, Raymond James Financial dropped their target price on shares of John Wood Group from GBX 770 ($10.36) to GBX 670 ($9.02) and set an “outperform” rating for the company in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 800.30 ($10.77).

John Wood Group (WG) traded down GBX 49.50 ($0.67) during trading on Wednesday, reaching GBX 629.50 ($8.47). 5,845,561 shares of the company traded hands, compared to its average volume of 3,040,000. John Wood Group has a 12-month low of GBX 553 ($7.44) and a 12-month high of GBX 909 ($12.23).

In other John Wood Group news, insider David Kemp sold 6,615 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of GBX 714 ($9.61), for a total transaction of £47,231.10 ($63,568.10).

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