QinetiQ Group (LON:QQ) had its price target boosted by equities research analysts at Barclays from GBX 325 ($4.25) to GBX 360 ($4.70) in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 4.71% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Berenberg Bank raised QinetiQ Group to a “buy” rating and raised their price target for the stock from GBX 320 ($4.18) to GBX 340 ($4.44) in a research report on Tuesday, July 30th. Investec raised QinetiQ Group to a “buy” rating in a research report on Monday, October 14th. Finally, UBS Group reissued a “sell” rating and set a GBX 240 ($3.14) price target on shares of QinetiQ Group in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 306.43 ($4.00).
QinetiQ Group stock opened at GBX 343.80 ($4.49) on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.22. The stock has a fifty day moving average of GBX 308.46 and a two-hundred day moving average of GBX 293.85. The company has a market capitalization of $1.94 billion and a price-to-earnings ratio of 17.19. QinetiQ Group has a fifty-two week low of GBX 265.22 ($3.47) and a fifty-two week high of GBX 352.20 ($4.60).
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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