QinetiQ Group plc Downgraded to “Equal Weight” at Barclays (QQ)
QinetiQ Group plc (LON:QQ) was downgraded by Barclays to an “equal weight” rating in a research note issued on Monday, StockRatingsNetwork.com reports. They currently have a GBX 215 ($3.62) target price on the stock. Barclays’ price target would indicate a potential upside of 3.07% from the company’s current price.
QQ has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of QinetiQ Group plc in a research note on Friday, May 2nd. They now have a GBX 210 ($3.54) price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of QinetiQ Group plc in a research note on Monday, April 28th. They set an “under review” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of QinetiQ Group plc in a research note on Wednesday, April 16th. They now have a GBX 235 ($3.96) price target on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 229.17 ($3.86).
Shares of QinetiQ Group plc (LON:QQ) opened at 210.50 on Monday. QinetiQ Group plc has a 52 week low of GBX 178.50 and a 52 week high of GBX 238.70. The stock has a 50-day moving average of GBX 219.3 and a 200-day moving average of GBX 216.. The company’s market cap is £1.370 billion.
QinetiQ Group plc focuses on the provision of technology-based solutions to meet customer requirements.
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