Credit Suisse Group Downgrades John Wood Group (WG) to Neutral

Credit Suisse Group cut shares of John Wood Group (LON:WG) to a neutral rating in a report published on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 505 ($6.60) price objective on the stock, down from their previous price objective of GBX 750 ($9.80).

WG has been the subject of several other research reports. UBS Group reissued a neutral rating and issued a GBX 540 ($7.06) target price (down previously from GBX 670 ($8.75)) on shares of John Wood Group in a research report on Tuesday, April 2nd. Jefferies Financial Group reissued an underperform rating and issued a GBX 650 ($8.49) target price (up previously from GBX 480 ($6.27)) on shares of John Wood Group in a research report on Tuesday, April 9th. HSBC reissued a buy rating on shares of John Wood Group in a research report on Friday, February 1st. 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. Finally, JPMorgan Chase & Co. decreased their target price on John Wood Group from GBX 770 ($10.06) to GBX 760 ($9.93) and set an overweight rating for the company in a research report on Friday, January 11th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 710 ($9.28).

WG opened at GBX 450.10 ($5.88) on Thursday. The company has a market cap of $2.98 billion and a price-to-earnings ratio of -346.23. The company has a debt-to-equity ratio of 63.71, a current ratio of 1.04 and a quick ratio of 0.98. John Wood Group has a one year low of GBX 437.70 ($5.72) and a one year high of GBX 801.20 ($10.47).

The firm also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.24 per share. This represents a yield of 3.24%. This is an increase from John Wood Group’s previous dividend of $0.11. The ex-dividend date is Thursday, April 25th. John Wood Group’s dividend payout ratio (DPR) is currently -20.77%.

In other news, insider Robin Watson purchased 1,218 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were purchased at an average cost of GBX 512 ($6.69) per share, for a total transaction of £6,236.16 ($8,148.65). Also, insider David Kemp purchased 1,163 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was purchased at an average price of GBX 537 ($7.02) per share, for a total transaction of £6,245.31 ($8,160.60). Over the last quarter, insiders have acquired 3,969 shares of company stock worth $2,081,847.

John Wood Group Company Profile

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.

Further Reading: Analyzing a company’s cash flow statement

Analyst Recommendations for John Wood Group (LON:WG)

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