John Wood Group (LON:WG) Shares Pass 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 120.86 ($1.48) and traded as low as GBX 61.95 ($0.76). John Wood Group shares last traded at GBX 61.95 ($0.76), with a volume of 1,514,974 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 250 ($3.06) target price on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Price Performance

The firm has a market capitalization of £425.90 million, a P/E ratio of -52.50, a P/E/G ratio of 0.33 and a beta of 1.36. 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 stock’s fifty day simple moving average is GBX 63.44 and its 200 day simple moving average is GBX 120.86.

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.