QinetiQ Group plc (QQ) Given Consensus Recommendation of “Hold” by Brokerages
QinetiQ Group plc (LON:QQ) has been given an average rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 276.33 ($3.57).
Several equities analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) decreased their target price on QinetiQ Group plc from GBX 255 ($3.29) to GBX 253 ($3.27) and set a “sell” rating on the stock in a research report on Thursday, July 20th. J P Morgan Chase & Co decreased their target price on QinetiQ Group plc from GBX 305 ($3.94) to GBX 295 ($3.81) and set a “neutral” rating on the stock in a research report on Wednesday, July 5th. Liberum Capital restated a “hold” rating and issued a GBX 270 ($3.49) target price on shares of QinetiQ Group plc in a research report on Wednesday, July 19th. Finally, Barclays PLC upgraded QinetiQ Group plc to an “overweight” rating and set a GBX 285 ($3.68) target price on the stock in a research report on Thursday, August 17th.
Shares of QinetiQ Group plc (LON QQ) traded down 0.62% during mid-day trading on Friday, reaching GBX 225.80. The company had a trading volume of 880,358 shares. The company’s market capitalization is GBX 1.27 billion. QinetiQ Group plc has a 52 week low of GBX 217.30 and a 52 week high of GBX 322.90. The stock has a 50 day moving average of GBX 235.00 and a 200-day moving average of GBX 272.94.
In related news, insider David Smith purchased 17,416 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average price of GBX 285 ($3.68) per share, with a total value of £49,635.60 ($64,103.84). Also, insider Steve Wadey purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of GBX 262 ($3.38) per share, with a total value of £39,300 ($50,755.52). In the last ninety days, insiders purchased 73,895 shares of company stock valued at $18,666,791.
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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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