QinetiQ Group plc (LON:QQ) Receives GBX 269.67 Consensus Price Target from Analysts

QinetiQ Group plc (LON:QQ) has been assigned an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 269.67 ($3.51).

Several research firms have commented on QQ. J P Morgan Chase & Co lowered their target price on shares of QinetiQ Group plc from GBX 295 ($3.84) to GBX 290 ($3.78) and set a “neutral” rating for the company in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) lowered their target price on shares of QinetiQ Group plc from GBX 255 ($3.32) to GBX 253 ($3.29) and set a “sell” rating for the company in a research note on Thursday, July 20th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 270 ($3.52) target price on shares of QinetiQ Group plc in a research note on Wednesday, July 19th.

QinetiQ Group plc (LON QQ) opened at 234.00 on Friday. The firm’s market capitalization is GBX 1.32 billion. The company has a 50-day moving average price of GBX 255.37 and a 200-day moving average price of GBX 278.43. QinetiQ Group plc has a 12-month low of GBX 220.30 and a 12-month high of GBX 322.90.

The business also recently disclosed a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 3rd will be paid a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.25%.

In other QinetiQ Group plc news, insider Michael Harper bought 5,000 shares of QinetiQ Group plc stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of GBX 241 ($3.14) per share, for a total transaction of £12,050 ($15,692.15). Also, insider David Smith acquired 17,416 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of GBX 285 ($3.71) per share, for a total transaction of £49,635.60 ($64,638.10). Insiders have bought a total of 64,942 shares of company stock valued at $16,665,212 over the last three months.

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About QinetiQ Group plc

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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