QinetiQ Group plc (QQ) Given Consensus Rating of “Hold” by Brokerages
Shares of QinetiQ Group plc (LON:QQ) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 276.33 ($3.67).
A number of equities research analysts recently issued reports on QQ shares. Liberum Capital reissued a “hold” rating and set a GBX 270 ($3.58) price target on shares of QinetiQ Group plc in a research note on Friday, September 29th. J P Morgan Chase & Co decreased their price target on QinetiQ Group plc from GBX 305 ($4.05) to GBX 295 ($3.91) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Barclays PLC reissued an “overweight” rating and set a GBX 285 ($3.78) price target on shares of QinetiQ Group plc in a research note on Monday, September 25th. Finally, Goldman Sachs Group, Inc. (The) decreased their price target on QinetiQ Group plc from GBX 255 ($3.38) to GBX 253 ($3.36) and set a “sell” rating for the company in a research note on Thursday, July 20th.
QinetiQ Group plc (LON:QQ) traded down 1.27% during trading on Wednesday, hitting GBX 240.20. The stock had a trading volume of 1,657,306 shares. The stock’s market cap is GBX 1.35 billion. QinetiQ Group plc has a 12 month low of GBX 217.30 and a 12 month high of GBX 322.90. The stock has a 50 day moving average price of GBX 231.10 and a 200-day moving average price of GBX 266.84.
In other QinetiQ Group plc news, insider Susan Searle bought 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were purchased at an average cost of GBX 224 ($2.97) per share, for a total transaction of £16,800 ($22,284.12). Also, insider Steve Wadey bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The shares were acquired at an average price of GBX 262 ($3.48) per share, for a total transaction of £39,300 ($52,128.93). Insiders bought a total of 64,067 shares of company stock worth $15,403,295 over the last quarter.
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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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