QinetiQ Group plc PT Raised to GBX 250 at Investec (QQ)
Equities researchers at Investec hoisted their price objective on shares of QinetiQ Group plc (LON:QQ) from GBX 240 ($3.96) to GBX 250 ($4.12) in a research report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Investec’s price target would indicate a potential upside of 9.08% from the stock’s previous close.
Shares of QinetiQ Group plc (LON:QQ) opened at 231.90 on Monday. QinetiQ Group plc has a one year low of GBX 178.50 and a one year high of GBX 238.70. The stock has a 50-day moving average of GBX 217.0 and a 200-day moving average of GBX 198.6. The company’s market cap is £1.509 billion.
A number of other analysts have also recently weighed in on QQ. Analysts at Liberum Capital reiterated a “hold” rating on shares of QinetiQ Group plc in a research note to investors on Friday, January 10th. They now have a GBX 210 ($3.46) price target on the stock. Separately, 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 232 ($3.82).
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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