QinetiQ Group (LON:QQ) Stock Rating Reaffirmed as “Buy” by Deutsche Bank Aktiengesellschaft

QinetiQ Group (LON:QQ)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Monday, Digital Look reports. They presently have a GBX 600 target price on the stock. Deutsche Bank Aktiengesellschaft‘s price objective indicates a potential upside of 16.96% from the company’s previous close.

Several other research firms have also weighed in on QQ. Berenberg Bank boosted their price target on QinetiQ Group from GBX 580 to GBX 610 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,663.40.

QinetiQ Group Stock Performance

Shares of LON QQ opened at GBX 513 on Monday. The stock has a 50 day moving average price of GBX 491.51 and a 200 day moving average price of GBX 484.95. QinetiQ Group has a 52 week low of GBX 292.20 and a 52 week high of GBX 491. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a market capitalization of £2.83 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33.

Insider Activity at QinetiQ Group

In other news, insider Steve Wadey sold 103,945 shares of QinetiQ Group stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 487, for a total value of £506,212.15. Over the last ninety days, insiders have bought 210 shares of company stock valued at $108,807. 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.