QinetiQ Group’s (QQ) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of QinetiQ Group (LON:QQ) in a research note issued to investors on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 490 target price on the stock.

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 600 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Citigroup boosted their price objective on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,635.40.

QinetiQ Group Price Performance

QQ stock opened at GBX 479.80 on Tuesday. The stock has a 50-day moving average price of GBX 456.27 and a two-hundred day moving average price of GBX 474.59. QinetiQ Group has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The stock has a market cap of £2.65 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20.

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

Insider Activity

In related news, insider Steve Wadey sold 37,219 shares of QinetiQ Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 435, for a total value of £161,902.65. Insiders bought a total of 100 shares of company stock valued at $45,068 over the last 90 days. 12.14% of the stock is currently owned by insiders.

About QinetiQ Group

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.