John Wood Group (LON:WG) Stock Crosses Above 50-Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 21.67 and traded as high as GBX 26.70. John Wood Group shares last traded at GBX 26.36, with a volume of 4,385,539 shares.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 30 target price on shares of John Wood Group in a report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 30.

John Wood Group Trading Up 0.1%

The firm’s fifty day simple moving average is GBX 21.97. The firm has a market cap of £217.01 million, a PE ratio of -0.21, a P/E/G ratio of 0.33 and a beta of 1.36. The company has a debt-to-equity ratio of 66.97, a quick ratio of 0.75 and a current ratio of 0.98.

Insider Buying and Selling

In other John Wood Group news, insider Birgitte Brinch Madsen sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of GBX 24, for a total value of £2,400. 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. The Operations segment offers maintenance, modifications, brownfield engineering, asset management, repair and overhaul, and decommissioning services.