JPMorgan Chase & Co. Boosts QinetiQ Group plc (QQ) Price Target to GBX 250
QinetiQ Group plc (LON:QQ) had its price objective lifted by analysts at JPMorgan Chase & Co. from GBX 245 ($3.20) to GBX 250 ($3.26) in a research report issued on Friday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 5.80% from the stock’s previous close.
A number of other brokerages have also weighed in on QQ. Canaccord Genuity reiterated a “buy” rating and set a GBX 265 ($3.46) target price on shares of QinetiQ Group plc in a research report on Wednesday, July 20th. Liberum Capital reiterated a “hold” rating and set a GBX 225 ($2.94) target price on shares of QinetiQ Group plc in a research report on Thursday. Finally, Goldman Sachs Group Inc. reiterated a “sell” rating and set a GBX 192 ($2.51) target price on shares of QinetiQ Group plc in a research report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 241.11 ($3.15).
QinetiQ Group plc (LON:QQ) opened at 236.30 on Friday. The company’s 50-day moving average is GBX 231.03 and its 200-day moving average is GBX 230.12. The firm’s market capitalization is GBX 1.37 billion. QinetiQ Group plc has a 52-week low of GBX 204.10 and a 52-week high of GBX 275.70.
In related news, insider Brubaker,Lynn bought 12,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average cost of GBX 226 ($2.95) per share, with a total value of £27,120 ($35,400.08). Also, insider Mellors,David bought 164 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was bought at an average cost of GBX 234 ($3.05) per share, for a total transaction of £383.76 ($500.93).
About QinetiQ Group plc
QinetiQ Group plc provides technology solutions. The Company provides research, innovation, advice, assurance, test and evaluation, engineering solutions and training services. The Company operates in two divisions: EMEA Services and Global Products. It operates in the EMEA Services, Global Products and US Services segments.
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