QinetiQ Group plc (LON:QQ) had its price target boosted by JPMorgan Chase & Co. from GBX 245 ($3.20) to GBX 250 ($3.26) in a research note published on Friday. The firm currently has a neutral rating on the stock.
Several other research analysts have also recently weighed in on QQ. Goldman Sachs Group Inc. restated a sell rating and set a GBX 192 ($2.51) target price on shares of QinetiQ Group plc in a report on Monday, June 27th. Liberum Capital restated a hold rating and set a GBX 225 ($2.94) target price on shares of QinetiQ Group plc in a report on Wednesday, July 20th. Finally, Canaccord Genuity restated a buy rating and set a GBX 265 ($3.46) target price on shares of QinetiQ Group plc in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. QinetiQ Group plc presently has an average rating of Hold and an average target price of GBX 239.14 ($3.12).
QinetiQ Group plc (LON:QQ) traded up 0.97% during mid-day trading on Friday, reaching GBX 239.10. The company had a trading volume of 315,259 shares. The firm’s market capitalization is GBX 1.39 billion. QinetiQ Group plc has a 52 week low of GBX 204.10 and a 52 week high of GBX 275.70. The stock’s 50-day moving average price is GBX 231.35 and its 200 day moving average price is GBX 230.16.
In other QinetiQ Group plc news, insider Mellors,David acquired 164 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average cost of GBX 234 ($3.05) per share, for a total transaction of £383.76 ($500.93). Also, insider Brubaker,Lynn acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average price of GBX 226 ($2.95) per share, for a total transaction of £27,120 ($35,400.08).
About QinetiQ Group plc
QinetiQ Group plc provides technology solutions. The Company provides research, innovation, advice, assurance, test and evaluation, engineering solutions and training services. The Company operates in two divisions: EMEA Services and Global Products. It operates in the EMEA Services, Global Products and US Services segments.
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