JPMorgan Chase & Co. Reaffirms “Neutral” Rating for QinetiQ Group (QQ)

JPMorgan Chase & Co. reiterated their neutral rating on shares of QinetiQ Group (LON:QQ) in a research report sent to investors on Friday, January 5th. They currently have a GBX 255 ($3.46) target price on the stock.

Other research analysts also recently issued research reports about the stock. Barclays reduced their price target on shares of QinetiQ Group from GBX 285 ($3.86) to GBX 265 ($3.59) and set an overweight rating on the stock in a research note on Tuesday, November 21st. Berenberg Bank raised shares of QinetiQ Group to a buy rating and reduced their price target for the stock from GBX 310 ($4.20) to GBX 235 ($3.19) in a research note on Wednesday, November 22nd. Finally, Liberum Capital reaffirmed a hold rating and issued a GBX 270 ($3.66) price target on shares of QinetiQ Group in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 255.60 ($3.47).

QinetiQ Group (LON:QQ) opened at GBX 217.30 ($2.95) on Friday. The stock has a market cap of $1,220.00 and a price-to-earnings ratio of 905.42. QinetiQ Group has a 12 month low of GBX 195.10 ($2.65) and a 12 month high of GBX 322.90 ($4.38).

The firm also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 11th will be given a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 0.98%. The ex-dividend date is Thursday, January 11th.

In other news, insider Michael Harper acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of GBX 204 ($2.77) per share, with a total value of £10,200 ($13,832.38). In the last ninety days, insiders bought 5,265 shares of company stock worth $1,080,096.

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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.

Analyst Recommendations for QinetiQ Group (LON:QQ)

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