QinetiQ (LON:QQ) group earns Barclays ‘overweight’ rating
QinetiQ Group (LON:QQ – Get Assessment)The stock had its “overweight” rating reissued by Barclays equity researchers in a note released to investors on Friday, MarketBeat reports. They currently have a target price of GBX 465 ($5.56) on the stock. Barclays’ price target suggests a potential upside of 21.16% from the company’s current price.
Other research analysts have also recently published reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a price target of GBX 400 ($4.78) on QinetiQ Group shares in a report on Thursday. JPMorgan Chase & Co. raised its price target on QinetiQ Group shares from 350 GBX ($4.18) to 355 GBX ($4.24) and gave the company a “neutral” rating in a report from the Friday May 20.
QinetiQ Group Share Performance
QQ stock opened Friday at 383.80 GBX ($4.59). The stock has a market capitalization of £2.22 billion and a PE ratio of 2,558.67. QinetiQ Group has a 12-month low of 3.47 GBX ($0.04) and a 12-month high of 391.80 GBX ($4.68). The company has a current ratio of 1.35, a quick ratio of 1.17 and a debt ratio of 2.12. The stock’s 50-day simple moving average is 365.26 GBX and its 200-day simple moving average is 321.88 GBX.
Insider Activity at QinetiQ Group
Separately, insider Steve Wadey sold 117,926 shares of the company in a trade on Tuesday, June 28. The shares were sold at an average price of 363 GBX ($4.34), for a total transaction of £428,071.38 ($511,741.04).
About QinetiQ Group
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QinetiQ Group plc operates as a science and engineering company primarily in the defence, security and infrastructure markets in the UK and internationally. The Company operates through EMEA Services and Global Products segments. It offers state-of-the-art materials and manufacturing products; AI, analytics and advanced computing technologies; cyber and electromagnetic technologies; protection and human performance systems; new systems, weapons and effects; marine platform and systems design and evaluation products; energy sources and energy storage and distribution products; robotics and autonomy services; secure communication and navigation systems; and data detection, processing and fusion systems.
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