Jefferies Financial Group downgraded shares of QinetiQ Group (LON:QQ – Get Rating) to a hold rating in a report published on Wednesday, Marketbeat Ratings reports.
A number of other analysts also recently weighed in on the company. Barclays reiterated an overweight rating and set a GBX 465 ($5.74) price target on shares of QinetiQ Group in a report on Thursday, December 15th. JPMorgan Chase & Co. reiterated an overweight rating on shares of QinetiQ Group in a report on Friday, November 11th. Finally, Berenberg Bank reissued a buy rating and set a GBX 440 ($5.43) price objective on shares of QinetiQ Group in a research report on Thursday, November 10th.
QinetiQ Group Stock Performance
LON QQ opened at GBX 342.80 ($4.23) on Wednesday. The company has a market capitalization of £1.98 billion and a price-to-earnings ratio of 1,113.55. QinetiQ Group has a twelve month low of GBX 3.47 ($0.04) and a twelve month high of GBX 396.20 ($4.89). The stock has a fifty day simple moving average of GBX 351.13 and a 200 day simple moving average of GBX 352.52. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 2.20.
QinetiQ Group Cuts Dividend
QinetiQ Group Company Profile
QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products 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; maritime 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.
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