John Wood Group (LON:WG) Rating Reaffirmed
London: In an interesting research report released on Thursday, 10 December, Morgan Stanley reaffirmed their “Overwt/Attractive” rating on John Wood Group (LON:WG) shares. They now have a GBX 775 target price on the firm. Morgan Stanley’s target would indicate a potential upside of 35.14% from the company’s closing share price.
From a total of 14 analysts covering John Wood Group PLC (LON:WG) stock, 4 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 29% of the ratings are positive. The highest target price is GBX 830 while the lowest target price is GBX 435. The mean of all analyst targets is GBX 611.15 with a 6.10% above today’s (GBX 576) stock price. John Wood Group PLC was the topic of 38 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 9 with “Sell” rating. Mirabaud Securities maintained shares with “Hold” rating and GBX 600 target share price in a report from a December 3. Barclays Capital maintained WG stock in a recent report from December 7 with “Overweight” rating. BNP Paribas downgraded the rating on November 12. BNP Paribas has a “Neutral” rating and a GBX 600 price target on shares. Finally, Liberum Capital maintained the stock with “Hold” rating in a report issued on a December 4.
Approximately 1.11 million shares of stock traded hands or 13.62% up from the average. John Wood Group PLC (LON:WG) has declined 22.73% since May 13, 2015 and is downtrending. It has underperformed by 20.79% the S&P500.
Analysts await Willbros Group Inc (NYSE:WG) to reports earnings on December, 21. They expect $-0.07 EPS, down 450.00% or $0.09 from last year’s $0.02 per share. After $-0.28 actual EPS reported by Willbros Group Inc for the previous quarter, Wall Street now forecasts -75.00% EPS growth.
The overall sentiment of institutions has decreased to 0.26 in Q2 2015. Its down 0.17, from 0.43 in 2015Q2. The ratio dived, as 22 institutions have sold all the shares of John Wood Group PLC that they owned while 28 funds have taken shares off the table. 2 funds have purchased shares for the first time while 11 added to their positions. These institutions now hold 31.04 million shares or 15.80% less than the 36.86 million shares they owned in 2015Q2.
The Fund Gendell Jeffrey L currently is holding shares equating to 1.05% of its total portfolio in John Wood Group PLC representing a total of 4.03 million shares. Another fund,Schneider Capital Management Corp, is holding a total of 2.22 million shares equating to 0.59% of their holdings. Additionally, Prescott Group Capital Management L.L.C. has a 949,663 share stake in John Wood Group PLC which represents 0.29% of their total portfolio. The Fund, Netols Asset Management Inc., based out of Wisconsin, has also built up a stake in the stock, which represents a total of 0.27% of their total portfolio. Finally Heartland Advisors Inc, a fund which is based in the state of Wisconsin reported a total holdings of 5.55 million shares.
John Wood Group PLC is a United Kingdom energy services company. The company has a market cap of 2.13 billion GBP. The Firm provides a range of engineering, production support and turbine services to the gas and oil, and power sectors. It has 10.87 P/E ratio. The Firm operates through two divisions: Wood Group Engineering and Wood Group PSN.
According to Zacks Investment Research, “Willbros Group, Inc. is an independent contractor serving the oil, gas and power industries, providing construction, engineering and specialty services to industry and government entities worldwide. They place particular emphasis on projects in developing countries where they believe their experience gives them a competitive advantage.” Get a free copy of the Zacks research report on John Wood Group PLC (WG).