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

QinetiQ Group logo with Industrials background

QinetiQ Group (LON:QQ - Get Free Report) had its target price increased by analysts at Barclays from GBX 535 ($6.90) to GBX 570 ($7.35) in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would indicate a potential upside of 15.48% from the company's current price.

A number of other brokerages also recently issued reports on QQ. Shore Capital reiterated a "buy" rating on shares of QinetiQ Group in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on QinetiQ Group from GBX 455 ($5.86) to GBX 535 ($6.90) and gave the company an "overweight" rating in a report on Thursday, December 12th.

Read Our Latest Report on QQ

QinetiQ Group Price Performance

QinetiQ Group stock traded up GBX 39.80 ($0.51) during midday trading on Monday, reaching GBX 493.60 ($6.36). 4,789,296 shares of the stock were exchanged, compared to its average volume of 88,555. QinetiQ Group has a 52 week low of GBX 292.20 ($3.77) and a 52 week high of GBX 491 ($6.33). The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The firm has a market cap of £2.72 billion, a PE ratio of 20.44, a PEG ratio of 1.47 and a beta of 0.48. The company's fifty day moving average is GBX 396.02 and its 200-day moving average is GBX 429.71.

About QinetiQ Group

(Get Free Report)

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.

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