QinetiQ Group (LON:QQ) Price Target Raised to GBX 635

QinetiQ Group (LON:QQ) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 585 to GBX 635 in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 550 price target on shares of QinetiQ Group in a report on Tuesday. Jefferies Financial Group increased their target price on QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 576.25.

QinetiQ Group Trading Down 3.3%

Shares of QQ stock opened at GBX 515 on Tuesday. The company has a market capitalization of £2.84 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.47 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96. The firm has a 50-day moving average price of GBX 449.77 and a 200 day moving average price of GBX 477.66. QinetiQ Group has a twelve month low of GBX 292.20 and a twelve month high of GBX 491.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 14.20 EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Research analysts forecast that QinetiQ Group will post 26.1405108 earnings per share for the current fiscal year.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.