John Wood Group (LON:WG) Stock Price Passes Below 200-Day Moving Average of $163.28

John Wood Group PLC (LON:WG) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 163.28 ($2.19) and traded as low as GBX 125.40 ($1.68). John Wood Group shares last traded at GBX 125.90 ($1.69), with a volume of 1,349,462 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WG shares. Berenberg Bank restated a “hold” rating and issued a GBX 150 ($2.01) price target on shares of John Wood Group in a report on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 250 ($3.35) target price on shares of John Wood Group in a report on Tuesday, August 6th.

John Wood Group Trading Up 1.8 %

The business has a 50-day moving average of GBX 146.44 and a 200 day moving average of GBX 163.26. The stock has a market cap of £881.36 million, a PE ratio of -109.57, a PEG ratio of 0.33 and a beta of 1.36. The company has a debt-to-equity ratio of 66.76, a quick ratio of 0.75 and a current ratio of 0.98.

Insiders Place Their Bets

In other John Wood Group news, insider Ken Gilmartin bought 3,256 shares of John Wood Group stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average cost of GBX 205 ($2.75) per share, for a total transaction of £6,674.80 ($8,937.87). In related news, insider Birgitte Brinch Madsen acquired 15,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was bought at an average cost of GBX 132 ($1.77) per share, with a total value of £19,800 ($26,513.12). Also, insider Ken Gilmartin bought 3,256 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average cost of GBX 205 ($2.75) per share, for a total transaction of £6,674.80 ($8,937.87). Insiders have acquired a total of 28,411 shares of company stock valued at $3,982,826 in the last quarter. 1.80% of the stock is currently owned by company 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.