JPMorgan Chase & Co. Increases QinetiQ Group (LON:QQ) Price Target to GBX 360

QinetiQ Group (LON:QQ) had its price target hoisted by JPMorgan Chase & Co. from GBX 340 ($4.47) to GBX 360 ($4.74) in a research note published on Thursday, Stock Target Advisor reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on QQ. Investec upgraded QinetiQ Group to a buy rating in a report on Monday, October 14th. UBS Group upgraded QinetiQ Group to a neutral rating and lifted their price objective for the stock from GBX 260 ($3.42) to GBX 335 ($4.41) in a report on Tuesday, December 10th. Barclays lifted their price objective on QinetiQ Group from GBX 325 ($4.28) to GBX 360 ($4.74) and gave the stock an overweight rating in a report on Friday, November 15th. Goldman Sachs Group lifted their price objective on QinetiQ Group from GBX 269 ($3.54) to GBX 289 ($3.80) and gave the stock a sell rating in a report on Friday, November 22nd. Finally, Credit Suisse Group lifted their price objective on QinetiQ Group from GBX 325 ($4.28) to GBX 350 ($4.60) and gave the stock a neutral rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. QinetiQ Group has an average rating of Hold and a consensus target price of GBX 336.71 ($4.43).

QQ stock traded up GBX 4.80 ($0.06) during midday trading on Thursday, hitting GBX 363 ($4.78). 572,579 shares of the company’s stock were exchanged, compared to its average volume of 1,840,000. The company has a current ratio of 1.32, a quick ratio of 1.17 and a debt-to-equity ratio of 3.33. QinetiQ Group has a 12-month low of GBX 265.22 ($3.49) and a 12-month high of GBX 376.20 ($4.95). The firm has a 50 day moving average price of GBX 353.30 and a 200-day moving average price of GBX 311.37. The stock has a market capitalization of $2.06 billion and a price-to-earnings ratio of 16.43.

The company also recently declared a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 0.63%. QinetiQ Group’s dividend payout ratio (DPR) is 0.32%.

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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