QinetiQ Group plc (QQ) Price Target Raised to GBX 270 at Canaccord Genuity
QinetiQ Group plc (LON:QQ) had its target price boosted by Canaccord Genuity from GBX 265 ($3.31) to GBX 270 ($3.37) in a research report released on Friday. Canaccord Genuity currently has a buy rating on the stock.
A number of other equities analysts have also recently weighed in on QQ. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 245 ($3.06) price target on shares of QinetiQ Group plc in a report on Wednesday, September 14th. Goldman Sachs Group Inc. upped their target price on QinetiQ Group plc from GBX 192 ($2.40) to GBX 219 ($2.74) and gave the company a sell rating in a research report on Monday, September 5th. Liberum Capital reaffirmed a hold rating and issued a GBX 225 ($2.81) target price on shares of QinetiQ Group plc in a research report on Thursday, September 29th. Finally, Barclays PLC reaffirmed an equal weight rating and issued a GBX 245 ($3.06) target price on shares of QinetiQ Group plc in a research report on Friday, September 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. QinetiQ Group plc currently has an average rating of Hold and an average price target of GBX 242 ($3.02).
QinetiQ Group plc (LON:QQ) traded up 0.04% during trading on Friday, reaching GBX 240.80. 1,264,346 shares of the company were exchanged. QinetiQ Group plc has a 52-week low of GBX 204.10 and a 52-week high of GBX 275.70. The stock’s market capitalization is GBX 1.39 billion. The firm’s 50 day moving average is GBX 236.53 and its 200 day moving average is GBX 232.34.
In other news, insider Mellors,David purchased 164 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of GBX 234 ($2.92) per share, with a total value 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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