QinetiQ Group (LON:QQ) Stock Price Expected to Rise, Berenberg Bank Analyst Says

QinetiQ Group (LON:QQ) had its price objective upped by stock analysts at Berenberg Bank from GBX 580 to GBX 610 in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 20.55% from the stock’s current price.

Several other analysts also recently weighed in on QQ. Jefferies Financial Group restated a “hold” rating and issued a GBX 487 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 490 target price on shares of QinetiQ Group in a research note on Tuesday, July 21st. Finally, Citigroup raised their price target on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,647.40.

QinetiQ Group Trading Up 1.7%

LON:QQ opened at GBX 506 on Monday. QinetiQ Group has a one year low of GBX 292.20 and a one year high of GBX 491. 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 company’s 50-day simple moving average is GBX 464.30 and its 200 day simple moving average is GBX 475.38. The firm has a market capitalization of £2.79 billion, a P/E ratio of 20.95, a PEG ratio of 1.47 and a beta of 0.33.

QinetiQ Group (LON:QQ) last announced its quarterly earnings data 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 business had revenue of GBX 192.26 billion for the quarter. As a group, analysts forecast that QinetiQ Group will post 26.1405108 EPS for the current fiscal year.

Insider Buying and Selling

In other QinetiQ Group news, insider Steve Wadey sold 37,219 shares of QinetiQ Group stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of GBX 435, for a total value of £161,902.65. In the last quarter, insiders acquired 100 shares of company stock worth $45,068. Company insiders own 12.14% of the company’s stock.

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.