JPMorgan Chase & Co. Reaffirms “Neutral” Rating for QinetiQ Group (QQ)
JPMorgan Chase & Co. reissued their neutral rating on shares of QinetiQ Group (LON:QQ) in a research note issued to investors on Friday. JPMorgan Chase & Co. currently has a GBX 255 ($3.46) price target on the stock.
Several other equities analysts have also commented on QQ. Liberum Capital reaffirmed a hold rating and set a GBX 270 ($3.66) target price on shares of QinetiQ Group in a report on Friday, September 29th. Barclays reaffirmed an overweight rating and set a GBX 285 ($3.86) target price on shares of QinetiQ Group in a report on Monday, September 25th. Finally, Berenberg Bank raised shares of QinetiQ Group to a buy rating and reduced their target price for the company from GBX 310 ($4.20) to GBX 235 ($3.19) in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. QinetiQ Group currently has an average rating of Hold and an average price target of GBX 255.60 ($3.47).
QinetiQ Group (QQ) opened at GBX 226.20 ($3.07) on Friday. QinetiQ Group has a twelve month low of GBX 195.10 ($2.65) and a twelve month high of GBX 322.90 ($4.38). The company has a market cap of $1,280.00 and a price-to-earnings ratio of 942.50.
The company also recently declared a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, January 11th will be given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a yield of 0.98%.
In other news, insider Michael Harper purchased 5,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of GBX 204 ($2.77) per share, with a total value of £10,200 ($13,832.38). Insiders have acquired a total of 5,177 shares of company stock valued at $1,060,208 in the last three months.
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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