Morgan Stanley Decides to Downgrade John Wood Group plc (WDGJF) Stock

May 17, 2018 - By Louis Casey

John Wood Group PLC (OTCMKTS:WDGJF) Logo

John Wood Group plc (WDGJF) Receives a Downgrade

Morgan Stanley downgraded shares of John Wood Group plc (WDGJF) stock from a “Equal-Weight” rating to a “Underweight” rating in a note issued to clients on Wednesday, 16 May.

The stock increased 1.71% or $0.155 during the last trading session, reaching $9.222. About 1,000 shares traded or 38.70% up from the average. John Wood Group PLC (WDGJF) 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 $6.27 billion. 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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