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Barclays Issues Positive Forecast for QinetiQ Group (LON:QQ) Stock Price

QinetiQ Group logo with Industrials background

QinetiQ Group (LON:QQ - Get Free Report) had its price objective increased by stock analysts at Barclays from GBX 535 ($6.89) to GBX 570 ($7.35) in a report issued on Monday, MarketBeat.com reports. The firm currently has an "overweight" rating on the stock. Barclays's target price points to a potential upside of 7.55% from the company's previous close.

Several other research firms also recently issued reports on QQ. Shore Capital reiterated a "buy" rating on shares of QinetiQ Group in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on QinetiQ Group from GBX 455 ($5.86) to GBX 535 ($6.89) and gave the stock an "overweight" rating in a research report on Thursday, December 12th.

Check Out Our Latest Stock Analysis on QinetiQ Group

QinetiQ Group Price Performance

Shares of QinetiQ Group stock traded up GBX 36.40 ($0.47) during trading hours on Monday, reaching GBX 530 ($6.83). 5,105,908 shares of the company's stock were exchanged, compared to its average volume of 88,555. QinetiQ Group has a 1 year low of GBX 292.20 ($3.77) and a 1 year high of GBX 491 ($6.33). The company has a market capitalization of £2.92 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The business has a fifty day moving average of GBX 396.02 and a two-hundred day moving average of GBX 429.71. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96.

QinetiQ Group Company Profile

(Get Free Report)

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.

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