QinetiQ Group (LON:QQ) Price Target Lowered to GBX 550 at Berenberg Bank

QinetiQ Group (LON:QQ) had its price objective lowered by Berenberg Bank from GBX 570 to GBX 550 in a report published on Friday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

QQ has been the topic of a number of other reports. Shore Capital reissued a “hold” rating on shares of QinetiQ Group in a report on Thursday, July 17th. Jefferies Financial Group boosted their price objective on QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 551.25.

QinetiQ Group Price Performance

QQ stock traded down GBX 21.20 during midday trading on Friday, reaching GBX 445.20. The company had a trading volume of 1,557,549 shares, compared to its average volume of 88,555. QinetiQ Group has a 1-year low of GBX 292.20 and a 1-year high of GBX 491. The stock has a 50 day moving average price of GBX 494.43 and a 200-day moving average price of GBX 485.69. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The company has a market capitalization of £2.46 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last released its earnings results on Thursday, November 13th. The company reported GBX 14.20 earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. Equities research analysts expect that QinetiQ Group will post 26.1405108 earnings per share for the current year.

QinetiQ Group Company Profile

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.