John Wood Group (LON:WG) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 155.65 ($1.97) and traded as low as GBX 51.55 ($0.65). John Wood Group shares last traded at GBX 52.85 ($0.67), with a volume of 5,769,275 shares trading hands.

Analysts Set New Price Targets

WG has been the topic of a number of research analyst reports. Berenberg Bank reissued a “hold” rating and issued a GBX 150 ($1.90) price target on shares of John Wood Group in a research note on Friday, August 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 250 ($3.16) target price on shares of John Wood Group in a research report on Tuesday, October 8th.

John Wood Group Stock Down 2.5 %

The company has a debt-to-equity ratio of 66.76, a quick ratio of 0.75 and a current ratio of 0.98. The firm has a market capitalization of £354.40 million, a PE ratio of -43.69, a P/E/G ratio of 0.33 and a beta of 1.36. The business’s 50 day moving average price is GBX 115.04 and its 200-day moving average price is GBX 155.65.

Insider Transactions at John Wood Group

In other news, insider Birgitte Brinch Madsen bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of GBX 132 ($1.67) per share, for a total transaction of £19,800 ($25,053.78). Also, insider Ken Gilmartin acquired 4,986 shares of John Wood Group stock in a transaction dated Thursday, October 17th. The stock was purchased at an average price of GBX 134 ($1.70) per share, for a total transaction of £6,681.24 ($8,454.06). Over the last quarter, insiders have acquired 25,100 shares of company stock valued at $3,318,058. 1.81% of the stock is currently owned by corporate insiders.

About John Wood Group

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.