J P Morgan Chase & Co Cuts QinetiQ Group plc (QQ) Price Target to GBX 290
QinetiQ Group plc (LON:QQ) had its price target lowered by stock analysts at J P Morgan Chase & Co from GBX 295 ($3.85) to GBX 290 ($3.79) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 22.26% from the company’s current price.
QQ has been the subject of several other reports. Goldman Sachs Group, Inc. (The) lifted their price target on shares of QinetiQ Group plc from GBX 219 ($2.86) to GBX 255 ($3.33) and gave the company a “sell” rating in a report on Wednesday, May 31st. Liberum Capital restated a “hold” rating and issued a GBX 270 ($3.53) price objective on shares of QinetiQ Group plc in a research report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 269.67 ($3.52).
QinetiQ Group plc (QQ) traded down 1.98% on Thursday, reaching GBX 237.20. 3,663,424 shares of the company’s stock traded hands. QinetiQ Group plc has a 52-week low of GBX 216.90 and a 52-week high of GBX 322.90. The stock’s market capitalization is GBX 1.33 billion. The firm’s 50-day moving average is GBX 277.74 and its 200 day moving average is GBX 280.69.
In other QinetiQ Group plc news, insider David Smith purchased 17,416 shares of the stock in a transaction dated Wednesday, June 21st. The stock was bought at an average price of GBX 285 ($3.72) per share, for a total transaction of £49,635.60 ($64,815.36). Also, insider Steve Wadey purchased 15,000 shares of the stock in a transaction dated Thursday, July 13th. The shares were acquired at an average price of GBX 262 ($3.42) per share, with a total value of £39,300 ($51,318.88). In the last quarter, insiders have bought 37,625 shares of company stock valued at $10,158,422.
About QinetiQ Group plc
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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