JPMorgan Chase & Co. reissued their neutral rating on shares of QinetiQ Group (LON:QQ) in a research report released on Friday. The brokerage currently has a GBX 255 ($3.41) price target on the stock.
QQ has been the topic of several other research reports. Barclays reaffirmed an overweight rating and issued a GBX 265 ($3.54) price objective on shares of QinetiQ Group in a research report on Monday, December 18th. Liberum Capital reaffirmed a hold rating and issued a GBX 270 ($3.61) price objective on shares of QinetiQ Group in a research report on Thursday, November 16th. Finally, Berenberg Bank raised QinetiQ Group to a buy rating and cut their price objective for the company from GBX 310 ($4.14) to GBX 235 ($3.14) in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 255.60 ($3.42).
QinetiQ Group (QQ) opened at GBX 231.20 ($3.09) on Friday. The company has a market capitalization of $1,310.00 and a price-to-earnings ratio of 963.33. QinetiQ Group has a 12-month low of GBX 195.10 ($2.61) and a 12-month high of GBX 322.90 ($4.32).
In other news, insider Michael Harper bought 5,000 shares of the stock in a transaction on Monday, November 20th. The stock was acquired at an average cost of GBX 204 ($2.73) per share, for a total transaction of £10,200 ($13,638.19). Insiders acquired a total of 5,259 shares of company stock valued at $1,080,216 over the last quarter.
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QinetiQ Group 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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