Liberum Capital Reiterates “Hold” Rating for QinetiQ Group (QQ)
A number of other analysts also recently issued reports on QQ. JPMorgan Chase & Co. downgraded shares of QinetiQ Group to a neutral rating and lowered their price objective for the company from GBX 290 ($4.07) to GBX 255 ($3.58) in a report on Friday, November 17th. Barclays lowered their price objective on shares of QinetiQ Group from GBX 285 ($4.00) to GBX 265 ($3.72) and set an overweight rating on the stock in a report on Tuesday, November 21st. Finally, Berenberg Bank upgraded shares of QinetiQ Group to a buy rating and lowered their price objective for the company from GBX 310 ($4.35) to GBX 235 ($3.30) in a report on Wednesday, November 22nd. One 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. The stock currently has an average rating of Hold and an average target price of GBX 247.60 ($3.47).
Shares of QinetiQ Group (LON:QQ) opened at GBX 201.40 ($2.82) on Thursday. QinetiQ Group has a fifty-two week low of GBX 190.30 ($2.67) and a fifty-two week high of GBX 322.90 ($4.53). The stock has a market cap of $1,120.00 and a P/E ratio of 839.17.
In other news, insider Michael Harper bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average cost of GBX 204 ($2.86) per share, with a total value of £10,200 ($14,301.74). Also, insider David Smith bought 10,188 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of GBX 196 ($2.75) per share, with a total value of £19,968.48 ($27,998.43). Insiders purchased 15,368 shares of company stock valued at $3,056,884 over the last three months.
ILLEGAL ACTIVITY WARNING: “Liberum Capital Reiterates “Hold” Rating for QinetiQ Group (QQ)” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://theolympiareport.com/2018/02/12/liberum-capital-reiterates-hold-rating-for-qinetiq-group-qq.html.
About QinetiQ Group
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.
Receive News & Ratings for QinetiQ Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QinetiQ Group and related companies with MarketBeat.com's FREE daily email newsletter.