John Wood Group (LON:WG) Trading Up 1.9% – Should You Buy?

John Wood Group PLC (LON:WG) shares traded up 1.9% on Thursday . The stock traded as high as GBX 67.68 ($0.86) and last traded at GBX 67.50 ($0.86). 1,758,013 shares traded hands during mid-day trading, an increase of 231% from the average session volume of 530,810 shares. The stock had previously closed at GBX 66.25 ($0.84).

Wall Street Analysts Forecast Growth

WG has been the topic of several research analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 150 ($1.90) target price on shares of John Wood Group in a research report on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 ($3.17) price objective on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Trading Up 1.9 %

The stock has a market capitalization of £464.06 million, a price-to-earnings ratio of -57.20, a P/E/G ratio of 0.33 and a beta of 1.36. The company has a 50 day moving average of GBX 93.04 and a 200 day moving average of GBX 142.25. 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 news, insider Ken Gilmartin bought 4,986 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was bought at an average cost of GBX 134 ($1.70) per share, with a total value of £6,681.24 ($8,469.06). 1.81% of the stock is 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.