QinetiQ Group plc (LON:QQ) has been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 276.33 ($3.57).
Several research analysts recently weighed in on the company. Barclays PLC upgraded QinetiQ Group plc to an “overweight” rating and set a GBX 285 ($3.68) target price on the stock in a research note on Thursday, August 17th. J P Morgan Chase & Co dropped their target price on QinetiQ Group plc from GBX 295 ($3.81) to GBX 290 ($3.75) and set a “neutral” rating on the stock in a research note on Thursday, July 20th. Goldman Sachs Group, Inc. (The) dropped their target price on QinetiQ Group plc from GBX 255 ($3.29) to GBX 253 ($3.27) and set a “sell” rating on the stock in a research note on Thursday, July 20th. Finally, Liberum Capital restated a “hold” rating and set a GBX 270 ($3.49) target price on shares of QinetiQ Group plc in a research note on Wednesday, July 19th.
QinetiQ Group plc (LON:QQ) traded down 0.88% during midday trading on Friday, hitting GBX 225.80. The stock had a trading volume of 2,882,745 shares. The stock’s market cap is GBX 1.27 billion. The company’s 50 day moving average price is GBX 234.31 and its 200-day moving average price is GBX 272.24. QinetiQ Group plc has a 52-week low of GBX 217.30 and a 52-week high of GBX 322.90.
In other news, insider Michael Harper purchased 5,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were acquired at an average price of GBX 241 ($3.11) per share, for a total transaction of £12,050 ($15,562.44). Also, insider David Smith purchased 8,936 shares of the company’s stock in a transaction on Friday, September 8th. The shares were purchased at an average price of GBX 224 ($2.89) per share, for a total transaction of £20,016.64 ($25,851.27). Over the last 90 days, insiders have purchased 73,983 shares of company stock worth $18,686,855.
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About QinetiQ Group plc
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.
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