QinetiQ Group (LON:QQ) Price Target Lowered to GBX 500 at Berenberg Bank

QinetiQ Group (LON:QQ) had its price objective lowered by research analysts at Berenberg Bank from GBX 610 ($7.93) to GBX 500 ($6.50) in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 26.45% from the stock’s current price.

QQ has been the subject of a number of other reports. Shore Capital reaffirmed a “buy” rating on shares of QinetiQ Group in a report on Monday. Barclays raised their target price on QinetiQ Group from GBX 535 ($6.96) to GBX 570 ($7.41) and gave the company an “overweight” rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price target on QinetiQ Group from GBX 455 ($5.92) to GBX 535 ($6.96) and gave the company an “overweight” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 533.75 ($6.94).

QinetiQ Group Price Performance

Shares of QinetiQ Group stock opened at GBX 395.40 ($5.14) on Tuesday. The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.47 and a beta of 0.48. The firm’s 50-day moving average price is GBX 412.23 and its two-hundred day moving average price is GBX 431. 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 has a 1-year low of GBX 292.20 ($3.80) and a 1-year high of GBX 491 ($6.38).

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.