QinetiQ Group (OTCMKTS:QNTQY) PT Raised to GBX 361

QinetiQ Group (OTCMKTS:QNTQY – Get Rating) had its target price hoisted by stock analysts at Morgan Stanley from GBX 331 ($4.08) to GBX 361 ($4.45) in a research report issued to clients and investors on Friday, The Fly reports.

A number of other equities analysts have also recently issued reports on QNTQY. Berenberg Bank raised their target price on shares of QinetiQ Group from GBX 335 ($4.13) to GBX 400 ($4.93) in a report on Friday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of QinetiQ Group from GBX 350 ($4.31) to GBX 355 ($4.38) in a report on Friday. Finally, Jefferies Financial Group initiated coverage on QinetiQ Group in a report on Sunday, January 23rd. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $372.00.

OTCMKTS QNTQY remained flat at $$17.90 during trading hours on Friday. The stock has a fifty day moving average of $16.98 and a two-hundred day moving average of $15.28. QinetiQ Group has a 1 year low of $13.20 and a 1 year high of $20.50.

About QinetiQ Group (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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