QinetiQ Group plc (LON:QQ) insider David Smith acquired 10,188 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of GBX 196 ($2.71) per share, for a total transaction of £19,968.48 ($27,588.39).
QinetiQ Group plc (QQ) opened at GBX 202.40 ($2.80) on Friday. The firm has a market capitalization of $1,140.00 and a P/E ratio of 843.33. QinetiQ Group plc has a one year low of GBX 190.30 ($2.63) and a one year high of GBX 322.90 ($4.46).
A number of analysts have weighed in on QQ shares. Berenberg Bank raised QinetiQ Group to a “buy” rating and decreased their price objective for the stock from GBX 310 ($4.28) to GBX 235 ($3.25) in a research report on Wednesday, November 22nd. Liberum Capital reissued a “hold” rating and issued a GBX 230 ($3.18) price target on shares of QinetiQ Group in a report on Thursday, February 8th. JPMorgan Chase & Co. cut QinetiQ Group to a “neutral” rating and reduced their price target for the company from GBX 290 ($4.01) to GBX 255 ($3.52) in a report on Friday, November 17th. Finally, Barclays reissued an “overweight” rating and issued a GBX 265 ($3.66) price target on shares of QinetiQ Group in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 247.60 ($3.42).
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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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