Insider Buying: John Wood Group PLC (WG) Insider Acquires 1,371 Shares of Stock

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John Wood Group PLC (LON:WG) insider Robin Watson purchased 1,371 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average price of GBX 455 ($5.95) per share, for a total transaction of £6,238.05 ($8,151.12).

Robin Watson also recently made the following trade(s):

  • On Thursday, April 18th, Robin Watson purchased 1,218 shares of John Wood Group stock. The stock was purchased at an average price of GBX 512 ($6.69) per share, for a total transaction of £6,236.16 ($8,148.65).

Shares of LON WG traded down GBX 8.80 ($0.11) during midday trading on Friday, hitting GBX 450.50 ($5.89). 1,308,637 shares of the company’s stock traded hands, compared to its average volume of 2,500,000. John Wood Group PLC has a 1 year low of GBX 436.80 ($5.71) and a 1 year high of GBX 801.20 ($10.47). The firm has a market capitalization of $3.03 billion and a P/E ratio of -346.54. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 63.71.

The firm also recently declared a dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, April 25th. This represents a dividend yield of 3.24%. This is a positive change from John Wood Group’s previous dividend of $0.11. John Wood Group’s dividend payout ratio is presently -20.77%.

A number of brokerages have weighed in on WG. HSBC decreased their target price on John Wood Group from GBX 745 ($9.73) to GBX 695 ($9.08) and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Berenberg Bank began coverage on John Wood Group in a research report on Tuesday, February 26th. They issued a “hold” rating and a GBX 575 ($7.51) target price for the company. UBS Group reissued a “neutral” rating on shares of John Wood Group in a research report on Friday, May 10th. Credit Suisse Group lowered John Wood Group to a “neutral” rating and decreased their target price for the stock from GBX 750 ($9.80) to GBX 505 ($6.60) in a research report on Thursday, May 9th. Finally, Goldman Sachs Group lowered John Wood Group to a “sell” rating and decreased their target price for the stock from GBX 650.10 ($8.49) to GBX 480 ($6.27) in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 702.50 ($9.18).

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About John Wood Group

John Wood Group PLC, together with its subsidiaries, provides project, engineering, and technical services in energy, industry, and built environment worldwide. It operates through five segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Specialist Technical Solutions; Environment and Infrastructure Solutions; and Investment Services.

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