Berenberg Bank Has Lowered Expectations for QinetiQ Group (LON:QQ) Stock Price

QinetiQ Group (LON:QQ) had its target price decreased by Berenberg Bank from GBX 610 ($7.94) to GBX 500 ($6.50) in a report issued on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 26.45% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Barclays boosted their price target on QinetiQ Group from GBX 535 ($6.96) to GBX 570 ($7.42) and gave the stock an “overweight” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on QinetiQ Group from GBX 455 ($5.92) to GBX 535 ($6.96) and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Shore Capital reiterated a “buy” rating on shares of QinetiQ Group in a research note on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, QinetiQ Group currently has a consensus rating of “Buy” and an average price target of GBX 533.75 ($6.94).

QinetiQ Group Trading Down 5.0 %

Shares of QQ opened at GBX 395.40 ($5.14) on Tuesday. The stock’s 50-day moving average is GBX 411.97 and its two-hundred day moving average is GBX 430.75. The stock has a market cap of £2.18 billion, a PE ratio of 16.37, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 12 month low of GBX 292.20 ($3.80) and a 12 month high of GBX 491 ($6.39). The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15.

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.