Barclays Increases QinetiQ Group (LON:QQ) Price Target to GBX 570

QinetiQ Group (LON:QQ - Get Free Report) had its price target raised by research analysts at Barclays from GBX 535 ($6.80) to GBX 570 ($7.24) in a research note issued on Monday, Marketbeat.com reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 41.02% from the stock's previous close.

Several other equities research analysts have also recently weighed in on QQ. JPMorgan Chase & Co. boosted their price objective on QinetiQ Group from GBX 455 ($5.78) to GBX 535 ($6.80) and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Shore Capital reissued a "buy" rating on shares of QinetiQ Group in a research report on Tuesday, January 21st.

QinetiQ Group Price Performance

Shares of LON:QQ traded up GBX 0.40 ($0.01) on Monday, reaching GBX 404.20 ($5.14). The company's stock had a trading volume of 2,714,220 shares, compared to its average volume of 88,555. The company has a 50-day simple moving average of GBX 394.09 and a 200 day simple moving average of GBX 429.96. QinetiQ Group has a 52-week low of GBX 292.20 ($3.71) and a 52-week high of GBX 491 ($6.24). The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The company has a market cap of £2.23 billion, a P/E ratio of 16.74, a PEG ratio of 1.47 and a beta of 0.48.

QinetiQ Group Company Profile

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.