QinetiQ Group (LON:QQ) Given New GBX 500 Price Target at Berenberg Bank

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

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

QinetiQ Group Stock Performance

Shares of LON:QQ opened at GBX 395.40 ($5.14) on Tuesday. The firm’s 50 day simple moving average is GBX 412.23 and its 200 day simple moving average is GBX 431. QinetiQ Group has a fifty-two week low of GBX 292.20 ($3.80) and a fifty-two week high of GBX 491 ($6.38). The company 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 company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15.

About QinetiQ Group

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.