JPMorgan Chase & Co. Raises QinetiQ Group (QQ) Price Target to GBX 300

QinetiQ Group (LON:QQ) had its price objective upped by JPMorgan Chase & Co. from GBX 270 ($3.53) to GBX 300 ($3.92) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on QQ. Investec downgraded QinetiQ Group to a hold rating and lifted their price target for the stock from GBX 300 ($3.92) to GBX 310 ($4.05) in a research note on Wednesday, April 10th. UBS Group reaffirmed a sell rating on shares of QinetiQ Group in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. QinetiQ Group presently has a consensus rating of Hold and an average target price of GBX 284 ($3.71).

LON:QQ opened at GBX 307.60 ($4.02) on Thursday. The firm has a market cap of $1.75 billion and a PE ratio of 14.11. QinetiQ Group has a 52-week low of GBX 227.90 ($2.98) and a 52-week high of GBX 315.20 ($4.12).

The company also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 1st will be paid a dividend of GBX 4.50 ($0.06) per share. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, August 1st. This is an increase from QinetiQ Group’s previous dividend of $2.10. QinetiQ Group’s payout ratio is 0.28%.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.

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Analyst Recommendations for QinetiQ Group (LON:QQ)

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