JPMorgan Chase & Co. Reaffirms Neutral Rating for QinetiQ Group (QQ)

QinetiQ Group (LON:QQ)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Friday. They presently have a GBX 255 ($3.41) target price on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 10.29% from the stock’s current price.

Other analysts have also issued reports about the company. Barclays dropped their target price on QinetiQ Group from GBX 285 ($3.81) to GBX 265 ($3.54) and set an “overweight” rating on the stock in a report on Tuesday, November 21st. Berenberg Bank raised QinetiQ Group to a “buy” rating and dropped their target price for the stock from GBX 310 ($4.14) to GBX 235 ($3.14) in a report on Wednesday, November 22nd. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 270 ($3.61) price objective on shares of QinetiQ Group in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. QinetiQ Group has a consensus rating of “Hold” and an average price target of GBX 255.60 ($3.42).

Shares of QinetiQ Group (LON QQ) opened at GBX 231.20 ($3.09) on Friday. The company has a market capitalization of $1,310.00 and a PE ratio of 963.33. QinetiQ Group has a 1-year low of GBX 195.10 ($2.61) and a 1-year high of GBX 322.90 ($4.32).

In other QinetiQ Group news, insider Michael Harper acquired 5,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of GBX 204 ($2.73) per share, with a total value of £10,200 ($13,638.19). Over the last three months, insiders acquired 5,259 shares of company stock worth $1,080,216.

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QinetiQ Group Company Profile

QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.

Analyst Recommendations for QinetiQ Group (LON:QQ)

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