Shore Capital Reiterates "Hold" Rating for QinetiQ Group (LON:QQ)

QinetiQ Group (LON:QQ - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Separately, Berenberg Bank raised their price objective on shares of QinetiQ Group from GBX 500 ($6.71) to GBX 570 ($7.65) and gave the company a "buy" rating in a research note on Monday, June 2nd.

QinetiQ Group Stock Up 1.9%

Shares of QQ stock traded up GBX 9.50 ($0.13) during midday trading on Thursday, reaching GBX 503.50 ($6.76). 850,643 shares of the stock were exchanged, compared to its average volume of 88,555. QinetiQ Group has a 1 year low of GBX 292.20 ($3.92) and a 1 year high of GBX 491 ($6.59). The firm has a market cap of £2.78 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company's 50 day moving average is GBX 490.08 and its two-hundred day moving average is GBX 432.36. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 41.96.

QinetiQ Group (LON:QQ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. On average, equities research analysts predict that QinetiQ Group will post 26.1405108 EPS for the current 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 that occurred on Wednesday, June 11th. The shares were sold at an average price of GBX 517 ($6.94), for a total transaction of £388,060.20 ($520,886.17). Insiders bought a total of 93 shares of company stock worth $44,997 over the last three months. Insiders own 12.14% of the company's stock.

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.