QinetiQ Group (LON:QQ - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a GBX 570 ($7.65) price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 15.38% from the stock's current price.
Separately, Shore Capital reiterated a "hold" rating on shares of QinetiQ Group in a research report on Thursday.
View Our Latest Stock Report on QinetiQ Group
QinetiQ Group Price Performance
Shares of LON QQ traded up GBX 8.80 ($0.12) during mid-day trading on Thursday, reaching GBX 494 ($6.63). The company's stock had a trading volume of 1,322,425 shares, compared to its average volume of 88,555. The stock has a fifty day moving average of GBX 488.72 and a two-hundred day moving average of GBX 431.81. 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 has a 52 week low of GBX 292.20 ($3.92) and a 52 week high of GBX 491 ($6.59). The firm has a market capitalization of £2.73 billion, a PE ratio of 20.46, a P/E/G ratio of 1.47 and a beta of 0.48.
QinetiQ Group (LON:QQ - Get Free Report) last posted 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 net margin of 7.03% and a return on equity of 14.98%. As a group, sell-side analysts anticipate that QinetiQ Group will post 26.1405108 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Steve Wadey sold 75,060 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of GBX 517 ($6.94), for a total value of £388,060.20 ($520,886.17). Insiders purchased a total of 93 shares of company stock worth $44,997 over the last quarter. Insiders own 12.14% of the company's stock.
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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