QinetiQ Group plc (QQ) Rating Increased to Buy at Berenberg Bank
QinetiQ Group plc (LON:QQ) was upgraded by Berenberg Bank to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a GBX 235 ($3.09) price target on the stock, down from their previous price target of GBX 310 ($4.08). Berenberg Bank’s price target would suggest a potential upside of 10.95% from the stock’s current price.
A number of other analysts also recently commented on QQ. Barclays PLC upgraded QinetiQ Group plc to an “overweight” rating and set a GBX 285 ($3.75) target price on the stock in a research report on Thursday, August 17th. Liberum Capital reiterated a “hold” rating and set a GBX 270 ($3.55) target price on shares of QinetiQ Group plc in a research report on Friday, September 29th. Finally, J P Morgan Chase & Co upgraded QinetiQ Group plc to an “overweight” rating and set a GBX 290 ($3.81) price objective on the stock in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 260.50 ($3.43).
Shares of QinetiQ Group plc (LON QQ) opened at GBX 211.80 ($2.79) on Wednesday. QinetiQ Group plc has a 12-month low of GBX 195.10 ($2.57) and a 12-month high of GBX 322.90 ($4.25).
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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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