QinetiQ Group plc (QQ) Stock Rating Upgraded by J P Morgan Chase & Co
QinetiQ Group plc (LON:QQ) was upgraded by J P Morgan Chase & Co to an “overweight” rating in a research report issued to clients and investors on Monday. The brokerage currently has a GBX 290 ($3.85) price objective on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 19.19% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Liberum Capital reissued a “hold” rating and issued a GBX 270 ($3.58) target price on shares of QinetiQ Group plc in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) lowered their target price on shares of QinetiQ Group plc from GBX 255 ($3.38) to GBX 253 ($3.36) and set a “sell” rating on the stock in a report on Thursday, July 20th. Finally, Barclays PLC raised shares of QinetiQ Group plc to an “overweight” rating and set a GBX 285 ($3.78) price target on the stock in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 276.33 ($3.67).
QinetiQ Group plc (LON QQ) opened at 243.30 on Monday. The company’s 50-day moving average price is GBX 231.03 and its 200-day moving average price is GBX 267.14. QinetiQ Group plc has a 12-month low of GBX 217.30 and a 12-month high of GBX 322.90. The firm’s market capitalization is GBX 1.37 billion.
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In related news, insider Steve Wadey bought 15,000 shares of QinetiQ Group plc stock in a transaction that occurred on Thursday, July 13th. The stock was acquired at an average price of GBX 262 ($3.48) per share, with a total value of £39,300 ($52,128.93). Also, insider David Smith bought 8,936 shares of QinetiQ Group plc stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average cost of GBX 224 ($2.97) per share, with a total value of £20,016.64 ($26,550.79). Insiders have bought a total of 64,067 shares of company stock valued at $15,403,295 over the last quarter.
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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