QinetiQ Group (LON:QQ) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

QinetiQ Group (LON:QQ)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Wednesday,Digital Look reports. They currently have a GBX 600 target price on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 42.05% from the company’s previous close.

Several other equities analysts have also commented on QQ. Jefferies Financial Group reissued a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a report on Wednesday. Citigroup lifted their price target on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,921.75.

QinetiQ Group Stock Up 2.4%

Shares of QQ stock traded up GBX 10 during trading hours on Wednesday, reaching GBX 422.40. 2,775,527 shares of the stock were exchanged, compared to its average volume of 88,555. The business’s fifty day moving average is GBX 450.41 and its two-hundred day moving average is GBX 471.91. The company has a debt-to-equity ratio of 74.20, a current ratio of 1.13 and a quick ratio of 1.15. QinetiQ Group has a 12-month low of GBX 292.20 and a 12-month high of GBX 491. The firm has a market capitalization of £2.33 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.47 and a beta of 0.32.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The company had revenue of GBX 192.26 billion during the quarter. As a group, research analysts expect that QinetiQ Group will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 25th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Steve Wadey sold 118,534 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total value of £508,510.86. In the last ninety days, insiders have acquired 98 shares of company stock valued at $44,855. Corporate insiders own 12.14% of the company’s stock.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions 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; 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.