Could John Wood Group PLC Change Direction After Reaching 52-Week High?

 Could John Wood Group PLC Change Direction After Reaching 52 Week High?

The stock of John Wood Group PLC (LON:WG) hit a new 52-week high and has GBX 1291.09 target or 60.00% above today’s GBX 806.93 share price. The 5 months bullish chart indicates low risk for the GBX 3.21B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 1291.09 price target is reached, the company will be worth GBX 1.93 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.55% or GBX 4.43 on November 17, hitting GBX 806.93. About 838,678 shares traded hands or 6.85% up from the average. John Wood Group PLC (LON:WG) has risen 26.09% since April 20, 2016 and is uptrending. It has outperformed by 21.47% the S&P500.

John Wood Group PLC (LON:WG) Ratings Coverage

Out of 22 analysts covering John Wood Group PLC (LON:WG), 11 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 50% are positive. GBX 920 is the highest target while GBX 350 is the lowest. The GBX 697.36 average target is -13.58% below today’s (GBX 806.93) stock price. John Wood Group PLC has been the topic of 117 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Wednesday, August 19, the company rating was maintained by Deutsche Bank. Liberum Capital maintained John Wood Group PLC (LON:WG) on Thursday, December 10 with “Hold” rating. As per Thursday, July 23, the company rating was maintained by Nomura. The firm earned “Buy” rating on Monday, April 11 by Beaufort Securities. The firm has “Underweight” rating given on Monday, April 25 by JP Morgan. Barclays Capital maintained John Wood Group PLC (LON:WG) on Thursday, July 21 with “Overweight” rating. The firm has “Buy” rating given on Tuesday, October 20 by Numis Securities. Beaufort Securities maintained the shares of WG in a report on Wednesday, August 19 with “Speculative Buy” rating. The firm has “Hold” rating given on Monday, February 1 by Liberum Capital. Investec upgraded John Wood Group PLC (LON:WG) on Thursday, January 14 to “Hold” rating.

More recent John Wood Group PLC (LON:WG) news were published by: Fool.Co.Uk which released: “Should you buy Tullow Oil plc, John Wood Group plc and Serco Group plc on …” on June 30, 2016. Also Businesswire.com published the news titled: “GE Completes Acquisition of John Wood Group PLC’s Well Support Division …” on April 26, 2011. Fool.Co.Uk‘s news article titled: “Are Tullow Oil plc, KAZ Minerals plc and John Wood Group plc star buys after …” with publication date: April 28, 2016 was also an interesting one.

John Wood Group PLC is a United Kingdom energy services company. The company has a market cap of 3.21 billion GBP. The Firm provides a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the gas and oil and power generation industries. It currently has negative earnings.

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