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Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.

Wood Group (John) PLC (LON:WG) has released full year results for 2023, showing strong revenue and EBITDA growth. CEO Ken Gilmartin highlights strategic progress and a focus on sustainable solutions.

John Wood Group CFO David Kemp to retire

Morgan Stanley assumed coverage on shares of John Wood Group (OTCMKTS:WDGJF – Get Rating) in a research report sent to investors on Friday morning, The Fly reports. The firm issued an equal weight rating on the stock. A number of other research analysts also recently weighed in on the company. Jefferies Financial Group downgraded John […]

John Wood Group PLC (OTCMKTS:WDGJF – Get Rating) has been given an average recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective […]

Wood, the Aberdeen-headquartered energy and engineering services heavyweight currently in the takeover spotlight, has seen first-quarter revenues rise reflecting “good momentum” across all business units.

John Wood Group Report good momentum and in line with expectations

Wood ... | May 11, 2023

John Wood Group trading in line with expectations reflecting strengthened Group

Former Elliot Management activist fund manager Franck Tuil on Thursday told Wood Group to buy back some of its stock to avoid…