QinetiQ Group plc (LON:QQ) had its price objective dropped by stock analysts at J P Morgan Chase & Co from GBX 295 ($3.85) to GBX 290 ($3.79) in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 22.26% from the company’s previous close.
A number of other analysts have also commented on the company. Liberum Capital restated a “hold” rating and issued a GBX 270 ($3.53) price target on shares of QinetiQ Group plc in a report on Wednesday. Goldman Sachs Group, Inc. (The) boosted their price target on QinetiQ Group plc from GBX 219 ($2.86) to GBX 255 ($3.33) and gave the company a “sell” rating in a report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 269.67 ($3.52).
Shares of QinetiQ Group plc (LON QQ) opened at 237.20 on Thursday. The stock’s market capitalization is GBX 1.33 billion. The stock’s 50 day moving average price is GBX 277.74 and its 200-day moving average price is GBX 280.69. QinetiQ Group plc has a 1-year low of GBX 216.90 and a 1-year high of GBX 322.90.
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In related news, insider Michael Harper bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of GBX 241 ($3.15) per share, for a total transaction of £12,050 ($15,735.18). Also, insider David Smith bought 17,416 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average price of GBX 285 ($3.72) per share, for a total transaction of £49,635.60 ($64,815.36). Insiders have purchased 37,625 shares of company stock worth $10,158,422 in the last quarter.
About QinetiQ Group plc
QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.
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