UBS AG Downgrades QinetiQ Group plc to Neutral (QQ)
QinetiQ Group plc (LON:QQ) was downgraded by research analysts at UBS AG to a “neutral” rating in a report released on Monday, AnalystRatingsNetwork.com reports.
QinetiQ Group plc (LON:QQ) traded down 0.66% during mid-day trading on Monday, hitting GBX 227.50. The stock had a trading volume of 661,624 shares. QinetiQ Group plc has a one year low of GBX 177.70 and a one year high of GBX 226.40. The stock’s 50-day moving average is GBX 215.1 and its 200-day moving average is GBX 197.3. The company’s market cap is £1.481 billion.
QQ has been the subject of a number of other recent research reports. Analysts at Investec raised their price target on shares of QinetiQ Group plc from GBX 240 ($3.96) to GBX 250 ($4.12) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of QinetiQ Group plc in a research note to investors on Friday. They now have a GBX 210 ($3.46) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of QinetiQ Group plc in a research note to investors on Tuesday, January 7th. They now have a GBX 255 ($4.20) price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 228 ($3.76).
QinetiQ Group plc (LON:QQ) is engaged in supplying of technical support, training, test and evaluation, and know-how to customers in the global defense, aerospace and security markets.
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