Royal Bank Of Canada Raises QinetiQ Group (LON:QQ) Price Target to GBX 570

QinetiQ Group (LON:QQ) had its target price hoisted by analysts at Royal Bank Of Canada from GBX 490 to GBX 570 in a report issued on Monday,London Stock Exchange reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 2.98% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 600 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Berenberg Bank increased their target price on QinetiQ Group from GBX 580 to GBX 610 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a report on Wednesday, July 1st. Finally, Citigroup lifted their price target on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,663.40.

QinetiQ Group Stock Performance

Shares of QQ opened at GBX 553.50 on Monday. The company has a market capitalization of £3.05 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. QinetiQ Group has a one year low of GBX 292.20 and a one year high of GBX 491. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. The company’s fifty day moving average price is GBX 469.19 and its 200 day moving average price is GBX 476.28.

QinetiQ Group (LON:QQ) last released its earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The firm had revenue of GBX 192.26 billion during the quarter. As a group, analysts expect that QinetiQ Group will post 26.1405108 earnings per share for the current year.

Insider Buying and Selling at QinetiQ Group

In other news, insider Steve Wadey sold 37,219 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 435, for a total transaction of £161,902.65. Also, insider Steven L. Mogford acquired 9,092 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of GBX 546 per share, with a total value of £49,642.32. Insiders acquired a total of 9,156 shares of company stock worth $4,994,360 over the last 90 days. Company insiders own 12.14% of the company’s stock.

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.