QinetiQ Group plc (QQ) Price Target Raised to GBX 265 at JPMorgan Chase & Co.
QinetiQ Group plc (LON:QQ) had its price objective raised by JPMorgan Chase & Co. from GBX 260 ($3.25) to GBX 265 ($3.31) in a research note issued to investors on Friday morning. They currently have a neutral rating on the stock.
Other research analysts have also recently issued research reports about the company. Canaccord Genuity raised their target price on QinetiQ Group plc from GBX 265 ($3.31) to GBX 270 ($3.37) and gave the company a buy rating in a research note on Friday. Barclays PLC reaffirmed an equal weight rating and set a GBX 245 ($3.06) target price on shares of QinetiQ Group plc in a report on Thursday, October 20th. Liberum Capital reaffirmed a hold rating and set a GBX 225 ($2.81) target price on shares of QinetiQ Group plc in a report on Thursday, September 29th. Finally, Goldman Sachs Group Inc. reaffirmed a sell rating and set a GBX 219 ($2.74) target price on shares of QinetiQ Group plc in a report on Sunday, September 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. QinetiQ Group plc currently has an average rating of Hold and an average target price of GBX 242 ($3.02).
Shares of QinetiQ Group plc (LON:QQ) traded up 0.04% during mid-day trading on Friday, hitting GBX 240.80. The stock had a trading volume of 1,264,346 shares. QinetiQ Group plc has a one year low of GBX 204.10 and a one year high of GBX 275.70. The company has a 50-day moving average of GBX 236.53 and a 200 day moving average of GBX 232.34. The firm’s market cap is GBX 1.39 billion.
In other news, insider Mellors,David bought 164 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were bought at an average cost of GBX 234 ($2.92) per share, with a total value of £383.76 ($479.46).
About QinetiQ Group plc
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.
Receive News & Stock Ratings for QinetiQ Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QinetiQ Group plc and related stocks with our FREE daily email newsletter.