QinetiQ Group's (QQ) "Buy" Rating Reaffirmed at Berenberg Bank

QinetiQ Group (LON:QQ - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 570 ($7.65) price objective on the stock. Berenberg Bank's price target would suggest a potential upside of 13.21% from the company's current price.

Separately, Shore Capital reissued a "hold" rating on shares of QinetiQ Group in a research report on Thursday.

QinetiQ Group Stock Up 1.9%

Shares of QQ traded up GBX 9.50 ($0.13) during trading hours on Thursday, reaching GBX 503.50 ($6.75). The company's stock had a trading volume of 850,643 shares, compared to its average volume of 88,555. The firm has a market cap of £2.78 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 1-year low of GBX 292.20 ($3.92) and a 1-year high of GBX 491 ($6.59). The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The company has a 50 day moving average of GBX 490.08 and a two-hundred day moving average of GBX 432.61.

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

Insider Transactions at QinetiQ Group

In other QinetiQ Group news, insider Steve Wadey sold 75,060 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of GBX 517 ($6.93), for a total transaction of £388,060.20 ($520,536.82). Insiders bought a total of 93 shares of company stock valued at $44,997 in the last quarter. 12.14% of the stock is owned by company insiders.

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.