QinetiQ Group (LON:QQ) Receives Hold Rating from Jefferies Financial Group

QinetiQ Group (LON:QQ)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 487 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 15.29% from the company’s current price.

Separately, Citigroup lifted their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,921.75.

QinetiQ Group Price Performance

QQ stock traded up GBX 10 during mid-day trading on Wednesday, reaching GBX 422.40. The company’s stock had a trading volume of 2,775,527 shares, compared to its average volume of 88,555. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The company’s 50 day moving average is GBX 450.41 and its two-hundred day moving average is GBX 471.91. QinetiQ Group has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The stock has a market cap of £2.33 billion, a PE ratio of 17.49, a P/E/G ratio of 1.47 and a beta of 0.32.

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

QinetiQ Group announced that its board has initiated a stock buyback program on Wednesday, March 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 118,534 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total value of £508,510.86. Insiders have bought 98 shares of company stock worth $44,855 over the last quarter. 12.14% of the stock is owned by insiders.

About QinetiQ Group

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.