QinetiQ Group (LON:QQ) Price Target Raised to GBX 570

QinetiQ Group (LON:QQ) had its target price hoisted by Royal Bank Of Canada from GBX 490 to GBX 570 in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.

Several other research firms have also recently weighed in on QQ. Berenberg Bank boosted their price target on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group reissued a “hold” rating and set a GBX 487 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Citigroup lifted their price target on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,663.40.

QinetiQ Group Price Performance

Shares of LON:QQ opened at GBX 571.50 on Monday. The company has a market cap of £3.15 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.47 and a beta of 0.33. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The firm has a 50 day simple moving average of GBX 473.60 and a 200 day simple moving average of GBX 477.02. QinetiQ Group has a one year low of GBX 292.20 and a one year high of GBX 491.

QinetiQ Group (LON:QQ) last posted its earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The firm had revenue of GBX 192.26 billion for the quarter. Research analysts predict that QinetiQ Group will post 26.1405108 earnings per share for the current fiscal year.

Insider Buying and Selling at QinetiQ Group

In other QinetiQ Group news, insider Steve Wadey sold 118,534 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total value of £508,510.86. Also, insider Steven L. Mogford purchased 9,092 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of GBX 546 per share, with a total value of £49,642.32. Over the last three months, insiders have purchased 9,182 shares of company stock worth $5,008,946. 12.14% of the stock is owned by insiders.

QinetiQ Group Company Profile

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions 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.