QinetiQ Group plc Coverage Initiated at Berenberg Bank (QQ)
Research analysts at Berenberg Bank began coverage on shares of QinetiQ Group plc (LON:QQ) in a report released on Tuesday. The firm set a “hold” rating and a GBX 255 ($4.33) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.43% from the stock’s previous close.
A number of other firms have also recently commented on QQ. Analysts at Liberum Capital reiterated a “hold” rating on shares of QinetiQ Group plc in a research note on Friday. They now have a GBX 210 ($3.56) price target on the stock. Separately, analysts at Investec downgraded shares of QinetiQ Group plc to an “add” rating in a research note on Tuesday, June 10th. They now have a GBX 225 ($3.82) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of QinetiQ Group plc in a research note on Friday, May 30th. They now have a GBX 225 ($3.82) price target on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 227.50 ($3.86).
Shares of QinetiQ Group plc (LON:QQ) remained flat at GBX 210.00 during during mid-day trading trading on Tuesday. The stock had a trading volume of 1,122,143 shares. 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 207. and a 200-day moving average of GBX 217.5. The company’s market cap is £1.370 billion.
QinetiQ Group plc focuses on the provision of technology-based solutions to meet customer requirements.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.