QinetiQ Group plc (LON:QQ) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from GBX 245 ($3.20) to GBX 250 ($3.26) in a research note issued on Friday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 5.80% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. Liberum Capital reissued a “hold” rating and issued a GBX 225 ($2.94) target price on shares of QinetiQ Group plc in a research report on Thursday. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a GBX 219 ($2.86) price target on shares of QinetiQ Group plc in a research report on Sunday, September 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 265 ($3.46) price target on shares of QinetiQ Group plc in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 241.11 ($3.15).
Shares of QinetiQ Group plc (LON:QQ) opened at 236.30 on Friday. The company has a 50-day moving average of GBX 231.03 and a 200-day moving average of GBX 230.12. The stock’s market capitalization is GBX 1.37 billion. QinetiQ Group plc has a 52 week low of GBX 204.10 and a 52 week high of GBX 275.70.
In other QinetiQ Group plc news, insider Brubaker,Lynn purchased 12,000 shares of the company’s stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of GBX 226 ($2.95) per share, for a total transaction of £27,120 ($35,400.08). Also, insider Mellors,David purchased 164 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was acquired at an average price of GBX 234 ($3.05) per share, with a total value of £383.76 ($500.93).
QinetiQ Group plc Company Profile
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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