WORLEYPARSONS L/ADR (OTCMKTS:WYGPY) Downgraded to Underweight at Morgan Stanley

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Morgan Stanley downgraded shares of WORLEYPARSONS L/ADR (OTCMKTS:WYGPY) from an equal weight rating to an underweight rating in a report published on Wednesday, The Fly reports.

WYGPY has been the subject of a number of other reports. Zacks Investment Research cut shares of WORLEYPARSONS L/ADR from a buy rating to a hold rating in a research note on Saturday, June 6th. Credit Suisse Group upgraded shares of WORLEYPARSONS L/ADR from a neutral rating to an outperform rating in a research note on Friday, June 5th. JPMorgan Chase & Co. cut shares of WORLEYPARSONS L/ADR from an overweight rating to a neutral rating in a research note on Wednesday, March 18th. Finally, ValuEngine cut shares of WORLEYPARSONS L/ADR from a hold rating to a sell rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $6.75.

Shares of OTCMKTS WYGPY remained flat at $$6.53 during midday trading on Wednesday. 89 shares of the company were exchanged, compared to its average volume of 2,213. The stock has a 50 day moving average price of $5.49 and a 200 day moving average price of $7.70. WORLEYPARSONS L/ADR has a twelve month low of $2.65 and a twelve month high of $11.37.

About WORLEYPARSONS L/ADR

WorleyParsons Limited provides professional services to resources and energy sectors comprising hydrocarbons, minerals, metals, chemicals, and infrastructure. It operates through Advisian, Major Projects and Integrated Solutions, and Services segments. The company provides engineering design and project delivery services, including maintenance, reliability support, and advisory services.

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Analyst Recommendations for WORLEYPARSONS L/ADR (OTCMKTS:WYGPY)

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