John Wood Group (LON:WG) Shares Up 1.9% - Here's What Happened

Shares of John Wood Group PLC (LON:WG - Get Free Report) rose 1.9% during trading on Thursday . The stock traded as high as GBX 67.68 ($0.86) and last traded at GBX 67.50 ($0.86). Approximately 1,758,013 shares were traded during trading, an increase of 231% from the average daily volume of 530,810 shares. The stock had previously closed at GBX 66.25 ($0.84).

Analysts Set New Price Targets

Several analysts have issued reports on WG shares. Berenberg Bank reissued a "hold" rating and issued a GBX 150 ($1.90) price objective on shares of John Wood Group in a research note on Friday, August 23rd. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 250 ($3.17) target price on shares of John Wood Group in a report on Tuesday, October 8th.

John Wood Group Trading Up 0.1 %

The stock has a 50-day moving average of GBX 91.83 and a 200 day moving average of GBX 141.46. The company has a quick ratio of 0.75, a current ratio of 0.98 and a debt-to-equity ratio of 66.76. The stock has a market cap of £464.40 million, a PE ratio of -57.25, a price-to-earnings-growth ratio of 0.33 and a beta of 1.36.

Insider Activity

In related news, insider Ken Gilmartin acquired 4,986 shares of John Wood Group stock in a transaction on Thursday, October 17th. The stock was bought at an average cost of GBX 134 ($1.70) per share, for a total transaction of £6,681.24 ($8,469.06). Insiders own 1.81% of the company's stock.

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.