QinetiQ Group (LON:QQ) Price Target Raised to GBX 610

QinetiQ Group (LON:QQ) had its target price boosted by Berenberg Bank from GBX 580 to GBX 610 in a research report released on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on QQ. Citigroup raised their price objective on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 490 target price on shares of QinetiQ Group in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 487 price target on shares of QinetiQ Group in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,647.40.

QinetiQ Group Price Performance

LON:QQ opened at GBX 546.50 on Monday. QinetiQ Group has a one year low of GBX 292.20 and a one year high of GBX 491. The company has a market cap of £3.02 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.47 and a beta of 0.33. The firm’s fifty day moving average price is GBX 466.95 and its two-hundred day moving average price is GBX 475.75. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15.

QinetiQ Group (LON:QQ) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. The company had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. Equities analysts expect that QinetiQ Group will post 26.1405108 earnings per share for the current year.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 118,534 shares of QinetiQ Group stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total value of £508,510.86. Insiders have bought 100 shares of company stock worth $45,068 over the last 90 days. 12.14% of the stock is currently owned by company insiders.

About QinetiQ Group

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.