JPMorgan Chase & Co. Reiterates Neutral Rating for QinetiQ Group (LON:QQ)

QinetiQ Group (LON:QQ)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 300 ($3.92) price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.54% from the company’s current price.

QQ has been the subject of several other research reports. Goldman Sachs Group downgraded shares of to a “sell” rating and set a GBX 270 ($3.53) price target for the company. in a report on Wednesday, June 5th. Barclays boosted their price target on shares of Intuit from $225.00 to $237.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Credit Suisse Group set a $180.00 price target on shares of Accenture and gave the company a “hold” rating in a report on Friday, June 28th. Investec downgraded shares of QinetiQ Group to a “hold” rating and boosted their price target for the company from GBX 300 ($3.92) to GBX 310 ($4.05) in a report on Wednesday, April 10th. Finally, UBS Group reissued a “buy” rating and set a GBX 285 ($3.72) price target on shares of in a report on Friday, June 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. QinetiQ Group currently has an average rating of “Hold” and an average price target of GBX 290.83 ($3.80).

Shares of QQ opened at GBX 276.40 ($3.61) on Wednesday. QinetiQ Group has a 1 year low of GBX 261.10 ($3.41) and a 1 year high of GBX 324.40 ($4.24). The firm has a market capitalization of $1.57 billion and a P/E ratio of 13.82. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is GBX 285.34.

In related news, insider Neil A. Johnson acquired 50,000 shares of QinetiQ Group stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of GBX 293 ($3.83) per share, with a total value of £146,500 ($191,428.20). Also, insider Steve Wadey sold 71,197 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of GBX 280 ($3.66), for a total transaction of £199,351.60 ($260,488.17). Insiders purchased 50,206 shares of company stock valued at $14,709,659 in the last ninety days.

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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Analyst Recommendations for QinetiQ Group (LON:QQ)

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