QinetiQ Group plc (QQ) Receives GBX 276.33 Average Target Price from Analysts

Shares of QinetiQ Group plc (LON:QQ) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 276.33 ($3.65).

QQ has been the topic of a number of recent research reports. Goldman Sachs Group, Inc. (The) reduced their price objective on QinetiQ Group plc from GBX 255 ($3.37) to GBX 253 ($3.34) and set a “sell” rating on the stock in a research note on Thursday, July 20th. J P Morgan Chase & Co reduced their price objective on QinetiQ Group plc from GBX 305 ($4.02) to GBX 295 ($3.89) and set a “neutral” rating on the stock in a research note on Wednesday, July 5th. Liberum Capital restated a “hold” rating and set a GBX 270 ($3.56) price objective on shares of QinetiQ Group plc in a research note on Wednesday, July 19th. Finally, Barclays PLC upgraded QinetiQ Group plc to an “overweight” rating and set a GBX 285 ($3.76) price objective on the stock in a research note on Thursday, August 17th.

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In other QinetiQ Group plc news, insider Susan Searle bought 7,500 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were acquired at an average cost of GBX 224 ($2.96) per share, with a total value of £16,800 ($22,169.44). Also, insider David Smith bought 8,936 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of GBX 224 ($2.96) per share, for a total transaction of £20,016.64 ($26,414.15). Over the last ninety days, insiders have bought 16,691 shares of company stock worth $3,741,711.

QinetiQ Group plc Company Profile

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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