QinetiQ Group (LON:QQ) had its price objective lowered by JPMorgan Chase & Co. from GBX 280 ($3.66) to GBX 270 ($3.53) in a research note released on Thursday morning. The firm currently has a neutral rating on the stock.
Several other equities analysts have also issued reports on QQ. Barclays increased their target price on QinetiQ Group from GBX 265 ($3.46) to GBX 300 ($3.92) and gave the stock an overweight rating in a research note on Tuesday, October 23rd. UBS Group reissued a sell rating and set a GBX 240 ($3.14) target price (up previously from GBX 235 ($3.07)) on shares of QinetiQ Group in a research note on Friday, November 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. QinetiQ Group currently has an average rating of Hold and an average target price of GBX 270 ($3.53).
Shares of LON QQ traded up GBX 3.20 ($0.04) during mid-day trading on Thursday, reaching GBX 302 ($3.95). 1,067,160 shares of the company’s stock were exchanged, compared to its average volume of 1,840,000. QinetiQ Group has a 52-week low of GBX 190.30 ($2.49) and a 52-week high of GBX 322.90 ($4.22).
QinetiQ Group Company Profile
QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.
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