JPMorgan Chase & Co. Boosts QinetiQ Group plc (QQ) Price Target to GBX 260
QinetiQ Group plc (LON:QQ) had its target price hoisted by JPMorgan Chase & Co. from GBX 250 ($3.12) to GBX 260 ($3.25) in a research report sent to investors on Thursday morning. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently weighed in on QQ. Canaccord Genuity restated a buy rating and set a GBX 265 ($3.31) price objective on shares of QinetiQ Group plc in a report on Wednesday, July 20th. Goldman Sachs Group Inc. increased their target price on shares of QinetiQ Group plc from GBX 192 ($2.40) to GBX 219 ($2.74) and gave the company a sell rating in a report on Monday, September 5th. Liberum Capital reiterated a hold rating and issued a GBX 225 ($2.81) target price on shares of QinetiQ Group plc in a report on Thursday, September 29th. Finally, Barclays PLC reiterated an equal weight rating and issued a GBX 245 ($3.06) target price on shares of QinetiQ Group plc in a report on Friday, September 30th. 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. The stock presently has an average rating of Hold and an average price target of GBX 240.57 ($3.01).
In other QinetiQ Group plc news, insider Mellors,David bought 164 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was purchased at an average price of GBX 234 ($2.92) per share, for a total transaction of £383.76 ($479.46).
QinetiQ Group plc Company Profile
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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