QinetiQ Group (LON:QQ)‘s stock had its “hold” rating reissued by Liberum Capital in a report released on Thursday. They presently have a GBX 230 ($3.22) target price on the stock. Liberum Capital’s price objective indicates a potential upside of 16.56% from the company’s previous close.
A number of other equities analysts have also recently weighed in on QQ. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 255 ($3.58) price objective on shares of QinetiQ Group in a research report on Friday, January 5th. Barclays decreased their price objective on shares of QinetiQ Group from GBX 285 ($4.00) to GBX 265 ($3.72) and set an “overweight” rating for the company in a research report on Tuesday, November 21st. Finally, Berenberg Bank raised shares of QinetiQ Group to a “buy” rating and decreased their price objective for the company from GBX 310 ($4.35) to GBX 235 ($3.30) in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 247.60 ($3.47).
Shares of QinetiQ Group (LON QQ) traded up GBX 0.48 ($0.01) during trading on Thursday, reaching GBX 197.33 ($2.77). 2,660,000 shares of the company were exchanged, compared to its average volume of 1,950,000. QinetiQ Group has a 12-month low of GBX 190.30 ($2.67) and a 12-month high of GBX 322.90 ($4.53). The stock has a market cap of $1,120.00 and a PE ratio of 822.21.
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About QinetiQ Group
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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