QinetiQ Group plc Stock Rating Reaffirmed by Espirito Santo Investment Bank Research (QQ)
QinetiQ Group plc (LON:QQ)‘s stock had its “buy” rating restated by equities researchers at Espirito Santo Investment Bank Research in a research report issued on Thursday. They currently have a GBX 250 ($4.29) price objective on the stock. Espirito Santo Investment Bank Research’s price target would suggest a potential upside of 22.55% from the company’s current price.
Shares of QinetiQ Group plc (LON:QQ) traded up 0.69% during mid-day trading on Thursday, hitting GBX 205.40. The stock had a trading volume of 1,226,209 shares. QinetiQ Group plc has a 52 week low of GBX 179.20 and a 52 week high of GBX 238.70. The stock has a 50-day moving average of GBX 207.2 and a 200-day moving average of GBX 217.2. The company’s market cap is £1.341 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec downgraded shares of QinetiQ Group plc to an “add” rating in a research note on Tuesday, June 24th. They now have a GBX 225 ($3.86) price target on the stock. Separately, analysts at Berenberg Bank initiated coverage on shares of QinetiQ Group plc in a research note on Tuesday, June 17th. They set a “hold” rating and a GBX 255 ($4.37) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of QinetiQ Group plc in a research note on Friday, June 13th. They now have a GBX 210 ($3.60) price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 226.88 ($3.89).
QinetiQ Group plc focuses on the provision of technology-based solutions to meet customer requirements.
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