QinetiQ Group (OTCMKTS:QNTQY) Price Target Increased to GBX 350 by Analysts at JPMorgan Chase & Co.

QinetiQ Group (OTCMKTS:QNTQYGet Rating) had its target price increased by JPMorgan Chase & Co. from GBX 345 ($4.40) to GBX 350 ($4.46) in a research report released on Thursday morning, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley dropped their target price on shares of QinetiQ Group from GBX 333 ($4.24) to GBX 302 ($3.85) in a research note on Wednesday, February 16th. Jefferies Financial Group initiated coverage on QinetiQ Group in a report on Sunday, January 23rd. They set a buy rating for the company. Finally, Berenberg Bank upped their price target on QinetiQ Group from GBX 335 ($4.27) to GBX 400 ($5.10) in a research report on Friday, April 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $350.67.

Shares of OTCMKTS:QNTQY opened at $17.90 on Thursday. The company’s 50-day moving average is $16.19 and its 200 day moving average is $15.11. QinetiQ Group has a fifty-two week low of $13.20 and a fifty-two week high of $20.50.

QinetiQ Group Company Profile (Get Rating)

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; AI, 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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