QinetiQ Group (QQ) Given “Neutral” Rating at JPMorgan Chase & Co.

QinetiQ Group (LON:QQ)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They presently have a GBX 255 ($3.41) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 9.68% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Barclays reissued an “overweight” rating and issued a GBX 265 ($3.54) target price on shares of QinetiQ Group in a research report on Monday, December 18th. Berenberg Bank raised shares of QinetiQ Group to a “buy” rating and dropped their target price for the stock from GBX 310 ($4.14) to GBX 235 ($3.14) in a research report on Wednesday, November 22nd. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 270 ($3.61) target price on shares of QinetiQ Group in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. QinetiQ Group presently has an average rating of “Hold” and an average target price of GBX 255.60 ($3.42).

Shares of QinetiQ Group (LON:QQ) opened at GBX 232.50 ($3.11) on Friday. QinetiQ Group has a one year low of GBX 195.10 ($2.61) and a one year high of GBX 322.90 ($4.32). The stock has a market cap of $1,340.00 and a price-to-earnings ratio of 968.75.

In other QinetiQ Group news, insider Michael Harper acquired 5,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of GBX 204 ($2.73) per share, with a total value of £10,200 ($13,638.19). Insiders bought a total of 5,259 shares of company stock valued at $1,080,216 in the last three months.

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QinetiQ Group Company Profile

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.

Analyst Recommendations for QinetiQ Group (LON:QQ)

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