QinetiQ Group plc (LON:QQ) was upgraded by analysts at Berenberg Bank to a “buy” rating in a research report issued on Wednesday. The firm currently has a GBX 235 ($3.09) price target on the stock, down from their previous price target of GBX 310 ($4.08). Berenberg Bank’s price target points to a potential upside of 16.63% from the company’s previous close.
Other analysts have also issued research reports about the stock. Liberum Capital restated a “hold” rating and issued a GBX 270 ($3.55) target price on shares of QinetiQ Group plc in a research report on Friday, September 29th. J P Morgan Chase & Co lowered shares of QinetiQ Group plc to a “neutral” rating and cut their target price for the company from GBX 290 ($3.81) to GBX 255 ($3.35) in a research report on Friday, November 17th. Finally, Barclays PLC cut their target price on shares of QinetiQ Group plc from GBX 285 ($3.75) to GBX 265 ($3.49) and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 260.50 ($3.43).
Shares of QinetiQ Group plc (LON QQ) opened at GBX 201.50 ($2.65) on Wednesday. QinetiQ Group plc has a 52-week low of GBX 201.40 ($2.65) and a 52-week high of GBX 322.90 ($4.25).
In other QinetiQ Group plc news, insider David Smith purchased 8,936 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of GBX 224 ($2.95) per share, for a total transaction of £20,016.64 ($26,327.29). Also, insider Michael Harper purchased 5,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of GBX 204 ($2.68) per share, for a total transaction of £10,200 ($13,415.76). In the last quarter, insiders have bought 21,691 shares of company stock worth $4,761,796.
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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