Liberum Capital Reaffirms “Hold” Rating for QinetiQ Group (QQ)
QinetiQ Group (LON:QQ)‘s stock had its “hold” rating reaffirmed by Liberum Capital in a research report issued on Thursday. They presently have a GBX 230 ($3.22) price objective on the stock. Liberum Capital’s price target points to a potential upside of 15.12% from the company’s current price.
QQ has been the subject of a number of other research reports. JPMorgan Chase & Co. cut QinetiQ Group to a “neutral” rating and reduced their target price for the company from GBX 290 ($4.07) to GBX 255 ($3.58) in a report on Friday, November 17th. Barclays reduced their target price on QinetiQ Group from GBX 285 ($4.00) to GBX 265 ($3.72) and set an “overweight” rating for the company in a report on Tuesday, November 21st. Finally, Berenberg Bank raised QinetiQ Group to a “buy” rating and reduced their target price for the company from GBX 310 ($4.35) to GBX 235 ($3.30) in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. QinetiQ Group has a consensus rating of “Hold” and an average price target of GBX 247.60 ($3.47).
QinetiQ Group (LON:QQ) opened at GBX 199.80 ($2.80) on Thursday. QinetiQ Group has a fifty-two week low of GBX 190.30 ($2.67) and a fifty-two week high of GBX 322.90 ($4.53). The company has a market capitalization of $1,120.00 and a P/E ratio of 832.50.
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About QinetiQ Group
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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