JPMorgan Chase & Co. Lowers QinetiQ Group (QQ) Price Target to GBX 270

QinetiQ Group (LON:QQ) had its price objective cut by equities researchers at JPMorgan Chase & Co. from GBX 280 ($3.66) to GBX 270 ($3.53) in a note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 10.60% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Barclays boosted their target price on shares of QinetiQ Group from GBX 265 ($3.46) to GBX 300 ($3.92) and gave the company an “overweight” rating in a research report on Tuesday, October 23rd. UBS Group restated a “sell” rating and issued a GBX 240 ($3.14) target price (up from GBX 235 ($3.07)) on shares of QinetiQ Group in a research report on Friday, November 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. QinetiQ Group has an average rating of “Hold” and a consensus price target of GBX 270 ($3.53).

Shares of QinetiQ Group stock opened at GBX 302 ($3.95) on Thursday. QinetiQ Group has a twelve month low of GBX 190.30 ($2.49) and a twelve month 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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Analyst Recommendations for QinetiQ Group (LON:QQ)

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