Royal Bank Of Canada Issues Positive Forecast for QinetiQ Group (LON:QQ) Stock Price

Key Points

• Royal Bank of Canada raised QinetiQ Group’s price target to GBX 570 from GBX 490 while maintaining a “sector perform” rating, implying approximately 2.98% upside.
• Analyst sentiment is broadly positive, with three “buy” ratings and two “hold” ratings; MarketBeat lists the stock’s consensus rating as “Moderate Buy.”
• QinetiQ reported quarterly earnings of GBX 31.50 per share, with a 19.34% return on equity and a 5.59% net margin. An insider also purchased 9,092 shares, while another insider sold 37,219 shares.

QinetiQ Group (LON:QQ - Get Free Report) had its target price increased by analysts at Royal Bank Of Canada from GBX 490 to GBX 570 in a report released on Monday,London Stock Exchange reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 2.98% from the stock's current price.

Several other equities research analysts have also recently commented on QQ. Citigroup boosted their price target on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 600 price objective on shares of QinetiQ Group in a research report on Wednesday, July 1st. Berenberg Bank lifted their target price on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 1,663.40.

QinetiQ Group Price Performance

QQ opened at GBX 553.50 on Monday. The stock has a market cap of £3.05 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.47 and a beta of 0.33. QinetiQ Group has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The stock has a fifty day moving average price of GBX 469.19 and a 200 day moving average price of GBX 476.28.

QinetiQ Group (LON:QQ - Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%.The company had revenue of GBX 192.26 billion for the quarter. Analysts forecast that QinetiQ Group will post 26.1405108 EPS for the current fiscal year.

Insider Transactions at QinetiQ Group

In related news, insider Steven L. Mogford purchased 9,092 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of GBX 546 per share, for a total transaction of £49,642.32. Also, insider Steve Wadey sold 37,219 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 435, for a total value of £161,902.65. Insiders acquired 9,156 shares of company stock valued at $4,994,360 in the last ninety days. Insiders own 12.14% of the company's stock.

About QinetiQ Group

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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