QinetiQ Group plc (QQ) Upgraded at J P Morgan Chase & Co
J P Morgan Chase & Co upgraded shares of QinetiQ Group plc (LON:QQ) to an overweight rating in a report released on Monday morning, MarketBeat reports. They currently have GBX 290 ($3.85) price objective on the stock.
Other analysts also recently issued research reports about the stock. Barclays PLC raised shares of QinetiQ Group plc to an overweight rating and set a GBX 285 ($3.78) price objective for the company in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of QinetiQ Group plc from GBX 255 ($3.38) to GBX 253 ($3.36) and set a sell rating for the company in a research report on Thursday, July 20th. Finally, Liberum Capital reaffirmed a hold rating and issued a GBX 270 ($3.58) price objective on shares of QinetiQ Group plc in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. QinetiQ Group plc currently has a consensus rating of Hold and an average target price of GBX 276.33 ($3.67).
Shares of QinetiQ Group plc (LON QQ) opened at 237.30 on Monday. The stock’s 50 day moving average is GBX 230.96 and its 200 day moving average is GBX 266.84. The stock’s market cap is GBX 1.34 billion. QinetiQ Group plc has a 12 month low of GBX 217.30 and a 12 month high of GBX 322.90.
In related news, insider Steve Wadey purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was acquired at an average price of GBX 262 ($3.48) per share, with a total value of £39,300 ($52,128.93). Also, insider Susan Searle purchased 7,500 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average cost of GBX 224 ($2.97) per share, with a total value of £16,800 ($22,284.12). Insiders have bought 64,067 shares of company stock valued at $15,403,295 in the last three months.
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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