QinetiQ Group (LON:QQ)‘s stock had its “hold” rating restated by investment analysts at Liberum Capital in a note issued to investors on Friday. They presently have a GBX 230 ($3.12) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 6.09% from the company’s current price.
Several other equities research analysts have also weighed in on QQ. Barclays reaffirmed an “overweight” rating and issued a GBX 285 ($3.86) target price on shares of QinetiQ Group in a research report on Monday, September 25th. JPMorgan Chase & Co. raised QinetiQ Group to an “overweight” rating and set a GBX 290 ($3.93) target price on the stock in a research report on Monday, October 2nd. Finally, Berenberg Bank raised QinetiQ Group to a “buy” rating and dropped their target price for the stock from GBX 310 ($4.20) to GBX 235 ($3.19) in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 247.60 ($3.36).
Shares of QinetiQ Group (LON:QQ) traded up GBX 1.90 ($0.03) during midday trading on Friday, reaching GBX 216.80 ($2.94). The company’s stock had a trading volume of 2,291,515 shares, compared to its average volume of 1,850,000. QinetiQ Group has a 1 year low of GBX 195.10 ($2.65) and a 1 year high of GBX 322.90 ($4.38). The firm has a market capitalization of $1,230.00 and a price-to-earnings ratio of 903.33.
In other QinetiQ Group news, insider Michael Harper purchased 5,000 shares of the stock in a transaction dated Monday, November 20th. The shares were bought at an average cost of GBX 204 ($2.77) per share, with a total value of £10,200 ($13,832.38). Insiders have bought 5,265 shares of company stock worth $1,080,096 over the last three months.
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QinetiQ Group Company Profile
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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