QinetiQ Group (LON:QQ)‘s stock had its “hold” rating restated by research analysts at Liberum Capital in a research note issued on Friday, January 12th. They presently have a GBX 230 ($3.12) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 9.20% from the company’s current price.
QQ has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of QinetiQ Group to an “overweight” rating and set a GBX 290 ($3.93) price objective for the company in a research report on Monday, October 2nd. Barclays reaffirmed an “overweight” rating and set a GBX 265 ($3.59) price objective on shares of QinetiQ Group in a research report on Monday, December 18th. Finally, Berenberg Bank raised shares of QinetiQ Group to a “buy” rating and lowered their price objective for the stock from GBX 310 ($4.20) to GBX 235 ($3.19) in a research report on Wednesday, November 22nd. One equities research 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 currently has an average rating of “Hold” and an average price target of GBX 247.60 ($3.36).
QinetiQ Group (LON:QQ) opened at GBX 211.90 ($2.87) on Friday. The company has a market cap of $1,200.00 and a P/E ratio of 882.92. QinetiQ Group has a 52-week low of GBX 195.10 ($2.65) and a 52-week high of GBX 322.90 ($4.38).
In other QinetiQ Group news, insider Michael Harper purchased 5,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average price of GBX 204 ($2.77) per share, with a total value of £10,200 ($13,832.38). Insiders acquired a total of 5,265 shares of company stock valued at $1,080,096 in the last three months.
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About QinetiQ Group
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.
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