Last checked at 17 Apr 2023 11:55
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Wood Group (J) Share News (WG.)
WG. Share
Price
WG. Share
News
WG. Share
Chat
WG. Share
Trades
WG.
Live RNS
WG. Share
Charts
WG. Level 2
Console
WG. Live
Share Price
WG. Broker
Ratings
WG. Directors
Deals
WG. Financial
Diary
WG.
Fundamentals
WG. Short
Positions3
WG.
Media
Wood Group (J) Information
Share Price Information for Wood Group (J) (WG.)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
152.00
Bid:
151.80
Ask:
152.10
Change:
0.00 (0.00%)
Spread:
0.30 (0.198%)
Open:
0.00
High:
0.00
Low:
0.00
Prev. Close:
152.00
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Wood Group slumps on Canaccord downgrade
Tue, 15th Mar 2016 09:35
(ShareCast News) - Wood Group shares slumped on Tuesday after Canaccord Genuity cut its stance on the stock to 'sell' from 'hold', saying the stock was overvalued following the recent outperformance.It said the company's full year results were broadly in line with existing consensus and although the group did not provide any formal guidance, the outlook for this year remains reasonably positive, with earnings likely to be down no more than 25% despite the major industry downturn.The brokerage said it was surprised to see the dividend lifted as much as 10%."On the current trajectory, payout will reach 53% (on adjusted diluted EPS) this year. After many years of above-sector dividend growth we think this source of performance is now exhausted," it said.Canaccord upped its price target on the stock to 575p from 550p to reflect the broader sector rally but said the current share price does not fairly reflect Wood Group's relative merits.It pointed out that while the majority of Wood Group's US activity is in operations and maintenance, and a growing chunk is outside upstream oil & gas entirely, the group still has a much greater exposure to US rig counts than its UK listed peers, with the exception of Hunting."In this context we find it surprising that the stock has been so resilient year-to-date, as US rig counts have been uniformly negative, reaching post-1940s lows in the past two weeks and looking likely to plumb fresh depths."In addition, Canaccord said its recent visits to Aberdeen confirm the very poor outlook for the UK North Sea. Although Wood Group's international upstream activities offer some short-term resilience, there is less certainty in the medium-term.At 0942 GMT, Wood Group shares were down 5% to 618.50p.
More News
17 Apr 2023 11:34
17 Apr 2023 09:41
STOXX hits 14-month high
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at
STOXX HITS 14-MONTH HIGH (0835 GMT)Read more17 Apr 2023 09:15
TOP NEWS: John Wood jumps amid takeover talks with Apollo
(Alliance News) - John Wood Group PLC on Monday said it has decided to engage with Apollo Management Holdings LP to see if a firm takeover offer can be made by the private equity firm on the same financial terms as Apollo's last proposal.
Read more17 Apr 2023 09:05
LONDON MARKET OPEN: FTSE 250 lifted by M&A activity, Royal Mail deal
(Alliance News) - Stock prices in London opened higher on Monday, with the large-cap FTSE 100 index boosted by commodity stocks and the mid-cap FTSE 250 lifted by prospective dealmaking.
Read more17 Apr 2023 07:52
LONDON BRIEFING: Possible offers for Network International, John Wood
(Alliance News) - Stock prices in London were called higher on Monday, following Asian equities into the green.
Read more17 Apr 2023 07:45
European futures edge higher
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at
EUROPEAN FUTURES EDGE HIGHER (0639 GMT)Read more17 Apr 2023 07:04
Wood Group opens talks with Apollo on possible £1.6bn bid
(Sharecast News) - Shares in Wood Group surged on Monday after the oil and gas engineering firm said it had decided to start talks with US private equity group Apollo on a potential £1.66bn takeover.
Read more13 Apr 2023 09:48
LONDON BROKER RATINGS: HSBC lifts housebuilders; Peel cuts Britvic
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more4 Apr 2023 17:52
IN BRIEF: John Wood notes possible offer by Apollo for share capital
John Wood Group PLC - Aberdeen, Scotland-based energy sector-focused engineering and consulting business - Notes announcement by Apollo Management Holding LP of a possible offer for the entire share capital of the company at a final price of 240 pence per share in cash. The offer represents a 59% premium to the closing price of 151p, and a 20% premium to the initial proposal submitted to Wood of 200p per share in cash. It follows news that Apollo's last offer of 237p was privately rejected by the board of Wood.
Read more4 Apr 2023 16:59
Apollo sweetens bid for Britain's Wood Group with $2.1 bln offer
Wood privately rejected fourth offer - Apollo
*Read more4 Apr 2023 16:15
Apollo makes final takeover offer for Wood Group at £1.66bn
(Sharecast News) - Private equity firm Apollo Global Management said on Tuesday that it has made a fifth and final takeover offer for engineering firm Wood Group at £1.66bn.
Read more31 Mar 2023 14:47
Berenberg downgrades Wood Group after outperformance
(Sharecast News) - Berenberg downgraded Wood Group on Friday to 'hold' from 'buy' following recent outperformance, as it lifted its price target to 200p from 165p due to "the improved outlook", but said near-term risks are somewhat balanced.
Read more31 Mar 2023 10:01
LONDON BROKER RATINGS: UBS likes Beazley; Berenberg cuts Wood Group
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more31 Mar 2023 07:56
LONDON BRIEFING: UK avoids recession in 2022; house prices down 3%
(Alliance News) - Stocks in London were called to open flat on Friday, amid better-than-expected UK GDP figures.
Read more