Royal Bank Of Canada Reiterates “Sector perform” Rating for QinetiQ Group (LON:QQ)

QinetiQ Group (LON:QQ)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Tuesday,Digital Look reports. They currently have a GBX 490 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 5.11% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Citigroup lifted their target price on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 487 price target on shares of QinetiQ Group in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,635.40.

QinetiQ Group Price Performance

QQ stock opened at GBX 466.20 on Tuesday. The stock has a 50-day moving average price of GBX 454.85 and a two-hundred day moving average price of GBX 474.32. QinetiQ Group has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The stock has a market cap of £2.57 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. The company had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%. Equities analysts forecast that QinetiQ Group will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 25th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at QinetiQ Group

In other news, insider Steve Wadey sold 118,534 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total value of £508,510.86. In the last three months, insiders have bought 100 shares of company stock worth $45,068. Corporate insiders own 12.14% of the company’s stock.

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.