QinetiQ Group plc (QQ) Receives “Equal weight” Rating from Barclays PLC
QinetiQ Group plc (LON:QQ)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a report released on Friday. They presently have a GBX 245 ($3.20) price objective on the stock. Barclays PLC’s price target would suggest a potential upside of 3.68% from the company’s current price.
Several other brokerages have also issued reports on QQ. Goldman Sachs Group Inc. restated a “sell” rating and set a GBX 192 ($2.51) price target on shares of QinetiQ Group plc in a research note on Monday, June 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 265 ($3.46) price target on shares of QinetiQ Group plc in a research note on Wednesday, June 15th. Liberum Capital restated a “hold” rating and set a GBX 225 ($2.94) price target on shares of QinetiQ Group plc in a research note on Wednesday, July 20th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 265 ($3.46) price target on shares of QinetiQ Group plc in a research note on Wednesday, July 20th. Two research analysts have 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 has a consensus rating of “Hold” and a consensus target price of GBX 241.11 ($3.15).
QinetiQ Group plc (LON:QQ) opened at 236.30 on Friday. The stock’s 50 day moving average price is GBX 231.03 and its 200 day moving average price is GBX 230.12. QinetiQ Group plc has a 12 month low of GBX 204.10 and a 12 month high of GBX 275.70. The firm’s market capitalization is GBX 1.37 billion.
In other QinetiQ Group plc news, insider Mellors,David bought 164 shares of QinetiQ Group plc stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of GBX 234 ($3.05) per share, with a total value of £383.76 ($500.93). Also, insider Brubaker,Lynn bought 12,000 shares of QinetiQ Group plc stock in a transaction dated Friday, July 29th. The stock was acquired at an average cost of GBX 226 ($2.95) per share, for a total transaction of £27,120 ($35,400.08).
QinetiQ Group plc Company Profile
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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