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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

London Stock Exchange
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Share Price: 149.80
Bid: 150.10
Ask: 150.50
Change: 0.00 (0.00%)
Spread: 0.40 (0.266%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 149.80
WG. Live PriceLast checked at -

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Broker tips: Energy services sector, IAG, Serco, Aveva

Fri, 19th Dec 2014 12:11

Shares in the oil and gas services sector were hammered on Friday by comments from US bank Goldman Sachs which repeated its 'cautious' rating on the European sector in light of the recent collapse in crude prices.Goldman said: "Our analysis suggests that the European majors would need to cut capex 24%/32% at Brent oil prices of $80/70/bbl to achieve a 4.5% free cash flow yield by 2018." The bank kept a 'buy' rating on Petrofac and Amec Foster Wheeler but has downgraded its stance on Wood Group from 'buy' to 'neutral'.Broker Liberum Capital has reiterated its 'buy' stance for IAG shares, saying it expects the airline group to add Aer Lingus to its portfolio.Liberum said Aer Lingus would further strengthen IAG's transatlantic market position and improve its ability to service transatlantic traffic to and from the UK regions, as slot constraints at Heathrow and the limited domestic network of British Airways limited the opportunities to target those markets.Peel Hunt has slashed its target price for Serco from 265p to just 135p to take into account a proposed rights issue by the outsourcing group and kept a 'sell' rating on the stock. The broker said that the valuation - trading at 22 times estimated earnings for 2016 - is too expensive.However, the broker said that the company's amendment of its financial covenants and a successful conclusion to the prisoner escort and custody services investigation are "welcome pieces of news".Shares in Aveva came under heavy selling pressure on Thursday after both Morgan Stanley and JPMorgan Cazenove cut the stock to 'underweight', though Westhouse Securities chose to stay positive with an 'add' recommendation for investors."We retain our 'add' stance, aware of current risks to estimates, but bear in mind the group's long term strategic value," said Westhouse analyst Gareth Evans, raising hopes that potential deal activity could support the shares.
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3 Jul 2023 07:33

Wood Group secures $250m contract extension in Brunei

(Sharecast News) - Wood Group said on Monday that it has secured a $250m contract extension from Brunei Shell Petroleum, Brunei's largest energy producer.

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14 Jun 2023 14:58

Petrofac Ithaca, Wood Group workers to resume North Sea strike

June 14 (Reuters) - British union Unite said on Wednesday that North Sea offshore oil and gas workers employed by Petrofac on the FPF1 platform, and by the Wood Group UK Limited on TAQA platforms will resume strike action over pay next week.

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14 Jun 2023 14:21

Petrofac Ithaca, Wood Group workers to resume strike action, Unite says

June 14 (Reuters) - British union Unite said on Wednesday that offshore workers employed by Petrofac on the FPF1 platform, and the Wood Group UK Limited on TAQA platforms will resume strike action next week.

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2 Jun 2023 11:43

UK "seen as less accommodating" for big business, despite Dechra deal

(Alliance News) - Analysts were divided over what the latest takeover deal for a London mid-cap means for the wider financial market in the UK.

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26 May 2023 09:41

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(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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19 May 2023 14:54

John Wood investor Sparta Capital calls for buyback again

(Alliance News) - John Wood Group PLC should announce a share buyback programme to reverse its "material undervaluation", a shareholder said on Friday.

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15 May 2023 17:22

London stocks start week strong as banks, miners rise

Currys up after lifting annual earnings forecast

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15 May 2023 17:11

European stocks rise as investors assess politics, economic data

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15 May 2023 16:55

LONDON MARKET CLOSE: Miners lift FTSE 100 in lukewarm start to week

(Alliance News) - Mining shares helped the FTSE 100 outperform on Monday, though peers in Europe only achieved minor gains in a tepid start to the week.

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(Alliance News) - Stock prices in London were largely higher at midday on Monday and the pound held firm against the dollar, with the FTSE 100 boosted by a strong performance by mining stocks.

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15 May 2023 12:11

Wood Group shares sink after Apollo abandons 1.7 bln pound bid

May 15 (Reuters) - Shares in John Wood Group were on track for their biggest one-day drop on record on Monday after U.S.-based Apollo Global Management said it would not proceed with a takeover of the British engineering services firm on its fifth attempt.

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15 May 2023 10:30

TOP NEWS: John Wood remains confident as Apollo drops takeover bid

(Alliance News) - John Wood Group PLC on Monday said it was "well placed" to deliver value to shareholders and has faith in its long-term prospects, following Apollo Management Holdings LP's announcement that it will not make a takeover offer.

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