QinetiQ Group plc (QQ) PT Lowered to GBX 253
QinetiQ Group plc (LON:QQ) had its target price dropped by equities researchers at Goldman Sachs Group, Inc. (The) from GBX 255 ($3.33) to GBX 253 ($3.30) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has a “sell” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 6.66% from the company’s current price.
QQ has been the subject of several other reports. Liberum Capital restated a “hold” rating and set a GBX 270 ($3.53) target price on shares of QinetiQ Group plc in a research report on Friday, May 26th. J P Morgan Chase & Co decreased their target price on QinetiQ Group plc from GBX 305 ($3.98) to GBX 295 ($3.85) and set a “neutral” rating for the company in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 269.67 ($3.52).
Shares of QinetiQ Group plc (QQ) traded down 1.98% on Thursday, hitting GBX 237.20. 3,663,424 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 277.74 and its 200 day moving average price is GBX 280.69. QinetiQ Group plc has a 1-year low of GBX 216.90 and a 1-year high of GBX 322.90. The company’s market cap is GBX 1.33 billion.
In other QinetiQ Group plc news, insider David Smith acquired 17,416 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of GBX 285 ($3.72) per share, for a total transaction of £49,635.60 ($64,815.36). Also, insider Steve Wadey acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was acquired at an average price of GBX 262 ($3.42) per share, with a total value of £39,300 ($51,318.88). Insiders purchased a total of 37,625 shares of company stock valued at $10,158,422 over the last quarter.
QinetiQ Group plc Company Profile
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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