Citigroup Issues Positive Forecast for QinetiQ Group (LON:QQ) Stock Price

QinetiQ Group (LON:QQ) had its target price increased by research analysts at Citigroup from GBX 5,690 to GBX 6,050 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock.

QinetiQ Group Stock Performance

QQ traded down GBX 28.80 on Tuesday, hitting GBX 444.80. The company had a trading volume of 1,265,132 shares, compared to its average volume of 88,555. The company’s fifty day moving average price is GBX 461.64 and its 200 day moving average price is GBX 470.80. QinetiQ Group has a 1-year low of GBX 292.20 and a 1-year high of GBX 491. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The stock has a market cap of £2.45 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.32.

QinetiQ Group (LON:QQ) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%.The company had revenue of GBX 192.26 billion for the quarter. Equities analysts predict that QinetiQ Group will post 26.1405108 earnings per share for the current fiscal year.

QinetiQ Group declared that its board has authorized a stock repurchase program on Wednesday, March 25th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.