John Wood Group (LON:WG) Shares Pass Below 200 Day Moving Average – Time to Sell?

John Wood Group PLC (LON:WG)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 161.83 ($2.10) and traded as low as GBX 127.10 ($1.65). John Wood Group shares last traded at GBX 127.20 ($1.65), with a volume of 776,766 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WG shares. Berenberg Bank reiterated a “hold” rating and set a GBX 150 ($1.95) target price on shares of John Wood Group in a research report on Friday, August 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 250 ($3.25) price target on shares of John Wood Group in a research report on Tuesday, October 8th.

John Wood Group Price Performance

The stock has a market capitalization of £875.17 million, a P/E ratio of -107.80, a price-to-earnings-growth 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. The stock has a 50-day simple moving average of GBX 128.93 and a 200 day simple moving average of GBX 161.83.

Insiders Place Their Bets

In other John Wood Group news, insider Ken Gilmartin acquired 4,986 shares of John Wood Group stock in a transaction on Thursday, October 17th. The shares were purchased at an average cost of GBX 134 ($1.74) per share, with a total value of £6,681.24 ($8,674.68). In other John Wood Group news, insider Birgitte Brinch Madsen bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was purchased at an average cost of GBX 132 ($1.71) per share, with a total value of £19,800 ($25,707.61). Also, insider Ken Gilmartin bought 4,986 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average cost of GBX 134 ($1.74) per share, with a total value of £6,681.24 ($8,674.68). In the last three months, insiders bought 30,141 shares of company stock valued at $3,983,470. 1.81% of the stock is currently owned by insiders.

John Wood Group Company Profile

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.