8.66 % to Target, Credit Suisse Reconfirms ‘Outperform’ Rating on Wood Group (LON:WG) Shares Today

May 17, 2018 - By Robert Crowder

John Wood Group PLC (LON:WG) Logo

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 1.33, from 2.24 in 2017Q3. It dropped, as 11 investors sold John Wood Group PLC shares while 24 reduced holdings. 10 funds opened positions while 22 raised stakes. 36.49 million shares or 8.97% less from 40.08 million shares in 2017Q3 were reported.

Goldman Sachs Group Inc owns 13,139 shares. First Quadrant Ltd Partnership Ca invested in 0% or 28,502 shares. Moreover, Panagora Asset Mgmt has 0% invested in John Wood Group PLC (LON:WG) for 211,579 shares. 157,682 are owned by Savings Bank Of Mellon. Ameritas Prns owns 3,370 shares. Citadel Advisors, Illinois-based fund reported 28,748 shares. Jacobs Levy Equity Mgmt owns 66,803 shares. Vanguard Gru Inc Inc stated it has 2.40 million shares. California State Teachers Retirement Systems reported 0% in John Wood Group PLC (LON:WG). Heartland accumulated 2.74 million shares or 0.25% of the stock. Oppenheimer And Close Ltd Liability Company stated it has 0.02% of its portfolio in John Wood Group PLC (LON:WG). Manufacturers Life The holds 0% or 10,914 shares in its portfolio. Jpmorgan Chase & Co stated it has 67,908 shares. Barclays Public Ltd stated it has 0% in John Wood Group PLC (LON:WG). Credit Agricole S A accumulated 3,000 shares.

Wood Group (LON:WG) Rating Reaffirmed

London: In a research note revealed to clients and investors on 17 May, Credit Suisse kept their Outperform rating on Wood Group (LON:WG) shares. They now have a GBX 750.00 target on the firm. Credit Suisse’s target would indicate a potential upside of 8.66 % from the company’s last close price.

John Wood Group PLC (LON:WG) Ratings Coverage

Among 8 analysts covering John Wood Group PLC (LON:WG), 5 have Buy rating, 3 Sell and 0 Hold. Therefore 63% are positive. John Wood Group PLC has GBX 865 highest and GBX 500 lowest target. GBX 733.75’s average target is 5.94% above currents GBX 692.6 stock price. John Wood Group PLC had 18 analyst reports since December 1, 2017 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, March 22 by Credit Suisse. The company was maintained on Monday, January 15 by Numis Securities. RBC Capital Markets maintained the shares of WG in report on Wednesday, December 20 with “Outperform” rating. The firm earned “Underweight” rating on Wednesday, May 16 by Morgan Stanley. The rating was maintained by Numis Securities on Friday, December 1 with “Add”. The firm has “Overweight” rating by JP Morgan given on Monday, May 14. On Thursday, January 4 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating by Numis Securities given on Wednesday, March 21. As per Thursday, December 14, the company rating was upgraded by Numis Securities. Credit Suisse maintained John Wood Group PLC (LON:WG) on Wednesday, December 13 with “Outperform” rating.

The stock increased 0.96% or GBX 6.6 during the last trading session, reaching GBX 692.6. About 2.08M shares traded. John Wood Group PLC (LON:WG) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

John Wood Group PLC, together with its subsidiaries, provides engineering, procurement, construction, and maintenance services to the gas and oil, and power generation industries in the United Kingdom, the United States, and internationally. The company has market cap of 4.63 billion GBP. The firm operates through three divisions: Asset Life Cycle Solutions West, Asset Life Cycle Solutions East, and Specialist Technical Solutions. It currently has negative earnings. It offers project and modification services, such as engineering, project management, repair orders, construction, commissioning, and fabrication services; activities and maintenance services; and industrial services, including access and containment, rope access, insulation, painting and protective coatings, positive pressure habitats, heat treatment, composite wrap, industrial cleaning, asbestos remediation, building construction and civil engineering, passive fire protection, and mechanical and piping support services, as well as electrical, control, and instrumentation services.

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