QinetiQ Group plc (LON:QQ) PT Lowered to GBX 253
QinetiQ Group plc (LON:QQ) had its price target reduced by Goldman Sachs Group, Inc. (The) from GBX 255 ($3.33) to GBX 253 ($3.30) in a research report sent to investors on Thursday, MarketBeat.com reports. Goldman Sachs Group, Inc. (The) currently has a sell rating on the stock.
A number of other equities research analysts also recently issued reports on QQ. J P Morgan Chase & Co decreased their price target on shares of QinetiQ Group plc from GBX 295 ($3.85) to GBX 290 ($3.79) and set a neutral rating on the stock in a research note on Thursday. Liberum Capital reaffirmed a hold rating and set a GBX 270 ($3.53) price target on shares of QinetiQ Group plc in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 269.67 ($3.52).
QinetiQ Group plc (LON:QQ) opened at 235.70 on Thursday. The stock’s market cap is GBX 1.33 billion. The company has a 50-day moving average of GBX 277.74 and a 200-day moving average of GBX 280.69. QinetiQ Group plc has a 12 month low of GBX 216.90 and a 12 month high of GBX 322.90.
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The business also recently declared a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 3rd will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, August 3rd.
In related news, insider Michael Harper purchased 5,000 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were purchased at an average cost of GBX 241 ($3.15) per share, for a total transaction of £12,050 ($15,735.18). Also, insider Steve Wadey purchased 15,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was bought at an average price of GBX 262 ($3.42) per share, for a total transaction of £39,300 ($51,318.88). Over the last 90 days, insiders bought 37,625 shares of company stock worth $10,158,422.
QinetiQ Group plc 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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