Berenberg Bank Cuts QinetiQ Group (LON:QQ) Price Target to GBX 500

QinetiQ Group (LON:QQ - Get Free Report) had its target price reduced by analysts at Berenberg Bank from GBX 610 ($7.88) to GBX 500 ($6.46) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 33.98% from the stock's previous close.

Several other research analysts have also recently commented on the company. Barclays boosted their target price on QinetiQ Group from GBX 535 ($6.91) to GBX 570 ($7.36) and gave the stock an "overweight" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on QinetiQ Group from GBX 455 ($5.88) to GBX 535 ($6.91) and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Finally, Shore Capital reissued a "buy" rating on shares of QinetiQ Group in a research note on Monday, March 17th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 533.75 ($6.89).

QinetiQ Group Trading Down 0.4 %

Shares of QQ stock traded down GBX 1.40 ($0.02) on Tuesday, hitting GBX 373.20 ($4.82). The stock had a trading volume of 5,099,721 shares, compared to its average volume of 88,555. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The firm has a market capitalization of £2.06 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 1 year low of GBX 292.20 ($3.77) and a 1 year high of GBX 491 ($6.34). The company's 50 day moving average price is GBX 410.65 and its 200-day moving average price is GBX 429.12.

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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.