Liberum Capital Reaffirms “Hold” Rating for QinetiQ Group (QQ)
QinetiQ Group (LON:QQ)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a research report issued on Friday. They presently have a GBX 230 ($3.12) target price on the stock. Liberum Capital’s price target indicates a potential upside of 6.09% from the stock’s previous close.
QQ has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded shares of QinetiQ Group to an “overweight” rating and set a GBX 290 ($3.93) target price for the company in a research note on Monday, October 2nd. Barclays restated an “overweight” rating and issued a GBX 265 ($3.59) price objective on shares of QinetiQ Group in a research note on Monday, December 18th. Finally, Berenberg Bank upgraded shares of QinetiQ Group to a “buy” rating and reduced their price objective for the stock from GBX 310 ($4.20) to GBX 235 ($3.19) in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. QinetiQ Group currently has an average rating of “Hold” and an average target price of GBX 247.60 ($3.36).
QinetiQ Group (LON QQ) traded up GBX 1.90 ($0.03) during midday trading on Friday, reaching GBX 216.80 ($2.94). 2,291,515 shares of the company’s stock were exchanged, compared to its average volume of 1,850,000. The firm has a market capitalization of $1,230.00 and a PE ratio of 903.33. QinetiQ Group has a 1 year low of GBX 195.10 ($2.65) and a 1 year high of GBX 322.90 ($4.38).
QinetiQ Group 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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