QinetiQ Group’s (QQ) “Buy” Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of QinetiQ Group (LON:QQ) in a research note released on Monday,Digital Look reports. Deutsche Bank currently has a GBX 600 price target on the stock.

A number of other analysts also recently commented on the company. Berenberg Bank upped their price objective on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada lifted their target price on QinetiQ Group from GBX 490 to GBX 570 and gave the company a “sector perform” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,663.40.

QinetiQ Group Stock Up 0.6%

Shares of QQ opened at GBX 535 on Monday. The firm has a market cap of £2.95 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The company’s fifty day moving average is GBX 492.57 and its two-hundred day moving average is GBX 484.96. QinetiQ Group has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20.

Insider Transactions at QinetiQ Group

In related news, insider Steve Wadey sold 103,945 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of GBX 487, for a total value of £506,212.15. Over the last three months, insiders have purchased 238 shares of company stock worth $123,619. 12.14% of the stock is currently owned by corporate 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.