QinetiQ Group (LON:QQ) Price Target Lowered to GBX 390 at JPMorgan Chase & Co.

QinetiQ Group (LON:QQ) had its price objective reduced by analysts at JPMorgan Chase & Co. from GBX 420 ($5.16) to GBX 390 ($4.79) in a report issued on Monday, Digital Look reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 21.12% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Barclays reaffirmed an “overweight” rating and issued a GBX 465 ($5.71) price objective on shares of QinetiQ Group in a research note on Friday. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a research report on Thursday. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 450 ($5.53) price objective on shares of QinetiQ Group in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 444.40 ($5.46).

QinetiQ Group Trading Up 0.4 %

Shares of QQ traded up GBX 1.20 ($0.01) during mid-day trading on Monday, reaching GBX 322 ($3.95). The company had a trading volume of 3,013,587 shares, compared to its average volume of 88,555. The stock has a market cap of £1.85 billion, a price-to-earnings ratio of 1,788.89, a price-to-earnings-growth ratio of 1.47 and a beta of 0.47. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 39.57. The firm has a fifty day simple moving average of GBX 329.31 and a 200-day simple moving average of GBX 339.93. QinetiQ Group has a fifty-two week low of GBX 296 ($3.64) and a fifty-two week high of GBX 382.40 ($4.70).

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.