QinetiQ Group (LON:QQ) had its target price decreased by JPMorgan Chase & Co. from GBX 280 ($3.66) to GBX 270 ($3.53) in a research note released on Thursday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Other research analysts also recently issued research reports about the company. Barclays raised their price target on QinetiQ Group from GBX 265 ($3.46) to GBX 300 ($3.92) and gave the stock an overweight rating in a research note on Tuesday, October 23rd. UBS Group restated a sell rating and set a GBX 240 ($3.14) price target (up previously from GBX 235 ($3.07)) on shares of QinetiQ Group in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 270 ($3.53).
LON:QQ traded up GBX 3.20 ($0.04) during mid-day trading on Thursday, reaching GBX 302 ($3.95). 1,067,160 shares of the stock were exchanged, compared to its average volume of 1,840,000. QinetiQ Group has a 1 year low of GBX 190.30 ($2.49) and a 1 year high of GBX 322.90 ($4.22).
About QinetiQ Group
QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.
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