Analysts Set QinetiQ Group plc (LON:QQ) Target Price at $241.11
Shares of QinetiQ Group plc (LON:QQ) have been given an average recommendation of “Hold” by the seven brokerages that are covering the firm. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 239.14 ($3.12).
A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on QinetiQ Group plc from GBX 245 ($3.20) to GBX 250 ($3.26) and gave the company a “neutral” rating in a research note on Friday, September 30th. Goldman Sachs Group Inc. restated a “sell” rating and issued a GBX 219 ($2.86) target price on shares of QinetiQ Group plc in a research note on Sunday, September 11th. Barclays PLC restated an “equal weight” rating and issued a GBX 245 ($3.20) target price on shares of QinetiQ Group plc in a research note on Friday, September 30th. Canaccord Genuity restated a “buy” rating and issued a GBX 265 ($3.46) target price on shares of QinetiQ Group plc in a research note on Wednesday, July 20th. Finally, Liberum Capital restated a “hold” rating and issued a GBX 225 ($2.94) target price on shares of QinetiQ Group plc in a research note on Thursday, September 29th.
In other QinetiQ Group plc news, insider Mellors,David acquired 164 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was acquired at an average price of GBX 234 ($3.05) per share, with a total value of £383.76 ($500.93). Also, insider Brubaker,Lynn acquired 12,000 shares of the business’s 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).
Shares of QinetiQ Group plc (LON:QQ) opened at 241.00 on Friday. The firm’s 50-day moving average price is GBX 232.07 and its 200 day moving average price is GBX 230.16. The stock’s market capitalization is GBX 1.40 billion. QinetiQ Group plc has a 12-month low of GBX 204.10 and a 12-month high of GBX 275.70.
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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