QinetiQ Group plc (QQ) Receives Overweight Rating from Barclays PLC
QinetiQ Group plc (LON:QQ)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a research note issued to investors on Monday. They presently have a GBX 285 ($3.84) target price on the stock. Barclays PLC’s target price would suggest a potential upside of 25.44% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) decreased their target price on shares of QinetiQ Group plc from GBX 255 ($3.44) to GBX 253 ($3.41) and set a “sell” rating for the company in a research report on Thursday, July 20th. J P Morgan Chase & Co decreased their target price on shares of QinetiQ Group plc from GBX 295 ($3.98) to GBX 290 ($3.91) and set a “neutral” rating for the company in a research report on Thursday, July 20th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 270 ($3.64) target price on shares of QinetiQ Group plc in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. QinetiQ Group plc presently has an average rating of “Hold” and a consensus target price of GBX 276.33 ($3.73).
Shares of QinetiQ Group plc (LON:QQ) opened at 228.40 on Monday. The company has a 50 day moving average of GBX 232.37 and a 200 day moving average of GBX 270.41. The firm’s market cap is GBX 1.29 billion. QinetiQ Group plc has a 52 week low of GBX 217.30 and a 52 week high of GBX 322.90.
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In other QinetiQ Group plc news, insider David Smith purchased 12,382 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was bought at an average cost of GBX 240 ($3.24) per share, with a total value of £29,716.80 ($40,065.79). Also, insider Michael Harper purchased 5,000 shares of the business’s stock in a transaction on Friday, July 21st. The stock was acquired at an average cost of GBX 241 ($3.25) per share, with a total value of £12,050 ($16,246.46). Insiders acquired a total of 64,067 shares of company stock valued at $15,403,295 over the last three months.
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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