Shore Capital Reiterates “Buy” Rating for QinetiQ Group (LON:QQ)

QinetiQ Group (LON:QQ)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research note issued on Monday, LSE.Co.UK reports.

Separately, Berenberg Bank raised their price objective on shares of QinetiQ Group from GBX 440 ($5.48) to GBX 445 ($5.54) and gave the company a “buy” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, QinetiQ Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 443.40 ($5.52).

QinetiQ Group Stock Performance

Shares of QQ traded up GBX 1.40 ($0.02) during mid-day trading on Monday, hitting GBX 337.20 ($4.20). 933,559 shares of the company’s stock were exchanged, compared to its average volume of 88,555. QinetiQ Group has a fifty-two week low of GBX 292.20 ($3.64) and a fifty-two week high of GBX 382.40 ($4.76). The firm has a market capitalization of £1.94 billion, a P/E ratio of 1,873.33, a P/E/G ratio of 1.47 and a beta of 0.38. The business’s 50 day moving average is GBX 363.19 and its two-hundred day moving average is GBX 338.89. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 39.57.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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.