Analysts Set QinetiQ Group plc (QQ) Target Price at $260.50
Shares of QinetiQ Group plc (LON:QQ) have earned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 260.50 ($3.51).
QQ has been the topic of a number of research analyst reports. Barclays reaffirmed an “overweight” rating and set a GBX 285 ($3.84) target price on shares of QinetiQ Group in a report on Monday, September 25th. Liberum Capital reaffirmed a “hold” rating and set a GBX 270 ($3.63) target price on shares of QinetiQ Group in a report on Friday, September 29th. J P Morgan Chase & Co raised QinetiQ Group to an “overweight” rating and set a GBX 290 ($3.90) target price on the stock in a report on Monday, October 2nd. Finally, Berenberg Bank raised QinetiQ Group to a “buy” rating and reduced their target price for the stock from GBX 310 ($4.17) to GBX 235 ($3.16) in a report on Wednesday, November 22nd.
Shares of QinetiQ Group (LON QQ) traded up GBX 3.60 ($0.05) during midday trading on Monday, reaching GBX 235.40 ($3.17). The company’s stock had a trading volume of 1,622,429 shares, compared to its average volume of 2,780,000. QinetiQ Group has a 12-month low of GBX 195.10 ($2.63) and a 12-month high of GBX 322.90 ($4.35).
In other QinetiQ Group news, insider Michael Harper bought 5,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of GBX 204 ($2.75) per share, with a total value of £10,200 ($13,728.13). Insiders have acquired a total of 5,259 shares of company stock worth $1,080,216 in the last ninety days.
WARNING: This piece was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/21/analysts-set-qinetiq-group-plc-qq-target-price-at-260-50.html.
About QinetiQ Group
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 & Ratings for QinetiQ Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QinetiQ Group and related companies with MarketBeat.com's FREE daily email newsletter.