QinetiQ Group (LON:QQ) Price Target Raised to GBX 570

QinetiQ Group (LON:QQ - Get Free Report) had its price objective raised by analysts at Berenberg Bank from GBX 500 ($6.76) to GBX 570 ($7.71) in a research report issued on Monday, MarketBeat reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 9.72% from the company's previous close.

Other analysts have also recently issued reports about the company. Shore Capital reissued a "hold" rating on shares of QinetiQ Group in a report on Thursday, May 22nd. Barclays lifted their target price on QinetiQ Group from GBX 535 ($7.23) to GBX 570 ($7.71) and gave the stock an "overweight" rating in a report on Monday, March 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 551.25 ($7.45).

QinetiQ Group Stock Performance

QQ stock traded up GBX 22.30 ($0.30) during trading hours on Monday, reaching GBX 519.50 ($7.02). The stock had a trading volume of 2,555,720 shares, compared to its average volume of 88,555. The stock has a 50-day simple moving average of GBX 409.10 and a 200 day simple moving average of GBX 410.93. QinetiQ Group has a fifty-two week low of GBX 292.20 ($3.95) and a fifty-two week high of GBX 491 ($6.64). The stock has a market capitalization of £2.87 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15.

QinetiQ Group (LON:QQ - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. Analysts predict that QinetiQ Group will post 26.1405108 EPS for the current fiscal year.

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.