QinetiQ Group (LON:QQ) Earns Buy Rating from Berenberg Bank

QinetiQ Group (LON:QQ)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report released on Tuesday, MarketBeat reports. They currently have a GBX 550 price target on the stock. Berenberg Bank’s price target points to a potential upside of 3.97% from the company’s current price.

Separately, Jefferies Financial Group boosted their price target on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 576.25.

QinetiQ Group Price Performance

LON QQ opened at GBX 529 on Tuesday. The company has a 50 day simple moving average of GBX 447.95 and a 200-day simple moving average of GBX 477.28. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The firm has a market capitalization of £2.92 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 52-week low of GBX 292.20 and a 52-week high of GBX 491.

QinetiQ Group (LON:QQ) last posted 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%. Equities research analysts predict 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.