John Wood Group (LON:WG) Stock Price Crosses Below 200-Day Moving Average - What's Next?

John Wood Group PLC (LON:WG - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 162.67 ($2.13) and traded as low as GBX 124.47 ($1.63). John Wood Group shares last traded at GBX 125.40 ($1.64), with a volume of 1,392,968 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Berenberg Bank reiterated a "hold" rating and issued a GBX 150 ($1.96) price target on shares of John Wood Group in a research report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 250 ($3.27) target price on shares of John Wood Group in a report on Tuesday.

John Wood Group Stock Up 1.3 %

The firm has a 50 day moving average price of GBX 136.55 and a 200-day moving average price of GBX 162.50. The firm has a market cap of £873.11 million, a price-to-earnings ratio of -110.43, 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 current ratio of 0.98 and a quick ratio of 0.75.

Insider Buying and Selling at John Wood Group

In related news, insider Ken Gilmartin acquired 5,041 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of GBX 132 ($1.73) per share, with a total value of £6,654.12 ($8,708.44). In other news, insider Birgitte Brinch Madsen bought 15,000 shares of the stock in a transaction on Thursday, August 29th. The stock was purchased at an average price of GBX 132 ($1.73) per share, with a total value of £19,800 ($25,912.84). Also, insider Ken Gilmartin purchased 5,041 shares of John Wood Group stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of GBX 132 ($1.73) per share, for a total transaction of £6,654.12 ($8,708.44). Over the last ninety days, insiders have acquired 28,411 shares of company stock valued at $3,982,826. 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.