QinetiQ Group’s (QQ) Sector perform Rating Reiterated at Royal Bank Of Canada

QinetiQ Group (LON:QQ)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 490 target price on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 8.41% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 487 price target on shares of QinetiQ Group in a research report on Wednesday, July 1st. Citigroup raised their price objective on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, QinetiQ Group has an average rating of “Moderate Buy” and an average price target of GBX 1,635.40.

QinetiQ Group Stock Performance

Shares of LON QQ opened at GBX 452 on Tuesday. The company has a 50 day simple moving average of GBX 452.91 and a two-hundred day simple moving average of GBX 474.10. The stock has a market cap of £2.49 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.47 and a beta of 0.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. QinetiQ Group has a 12 month low of GBX 292.20 and a 12 month high of GBX 491.

QinetiQ Group (LON:QQ) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. The firm had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. As a group, analysts predict that QinetiQ Group will post 26.1405108 earnings per share for the current year.

QinetiQ Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at QinetiQ Group

In related news, insider Steve Wadey sold 118,534 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total value of £508,510.86. In the last ninety days, insiders bought 100 shares of company stock valued at $45,068. 12.14% of the stock is owned by insiders.

QinetiQ Group Company Profile

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