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The latest announcement is out from Worley Limited ( (AU:WOR) ).
Worley Limited has outlined its response to rising geopolitical tensions in the Middle East, where it supports customers in several locations and generates about 10% of its aggregated revenue. The company emphasized that the safety and wellbeing of its staff is paramount and noted that it does not have offices or operations in Iran, Iraq or Israel.
To manage risks and maintain business continuity, Worley has introduced enhanced safety and security measures, including travel restrictions, relocations where required, and expanded remote working. It is leveraging its Global Integrated Delivery centres and its diversified global portfolio to minimize operational disruption and continues to monitor the evolving situation and potential impact on its overall group outlook.
The most recent analyst rating on (AU:WOR) stock is a Buy with a A$11.50 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited is an Australia-headquartered, ASX-listed global professional services company serving the energy, chemicals and resources sectors. It partners with customers to deliver projects and support assets over their life cycle, focusing on both current energy, chemicals and resource needs and the transition to more sustainable energy sources across 44 countries.
Average Trading Volume: 2,764,447
Technical Sentiment Signal: Sell
Current Market Cap: A$5.35B
For detailed information about WOR stock, go to TipRanks’ Stock Analysis page.