John Wood Group (LON:WG) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

John Wood Group PLC (LON:WG)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 128.15 ($1.66) and traded as high as GBX 129.65 ($1.68). John Wood Group shares last traded at GBX 127 ($1.65), with a volume of 719,573 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a GBX 250 ($3.24) target price on shares of John Wood Group in a report on Tuesday, October 8th. Berenberg Bank restated a “hold” rating and issued a GBX 150 ($1.95) target price on shares of John Wood Group in a report on Friday, August 23rd.

John Wood Group Price Performance

The company has a debt-to-equity ratio of 66.76, a current ratio of 0.98 and a quick ratio of 0.75. The firm has a market cap of £849.74 million, a PE ratio of -107.63, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36. The firm has a 50-day simple moving average of GBX 128.15 and a 200 day simple moving average of GBX 161.44.

Insider Transactions at John Wood Group

In other John Wood Group news, insider Ken Gilmartin acquired 4,986 shares of John Wood Group stock in a transaction that occurred on Thursday, October 17th. The stock was bought at an average cost of GBX 134 ($1.74) per share, for a total transaction of £6,681.24 ($8,664.56). In other John Wood Group news, insider Birgitte Brinch Madsen acquired 15,000 shares of John Wood Group stock in a transaction that occurred on Thursday, August 29th. The stock was bought at an average cost of GBX 132 ($1.71) per share, for a total transaction of £19,800 ($25,677.60). Also, insider Ken Gilmartin acquired 4,986 shares of John Wood Group stock in a transaction that occurred on Thursday, October 17th. The stock was acquired at an average price of GBX 134 ($1.74) per share, with a total value of £6,681.24 ($8,664.56). Insiders purchased a total of 30,141 shares of company stock valued at $3,983,470 in the last quarter. 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.