QinetiQ Group’s (QQ) Overweight Rating Reiterated at Barclays

QinetiQ Group (LON:QQGet Rating)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a report issued on Thursday, Marketbeat.com reports. They currently have a GBX 465 ($5.73) price target on the stock. Barclays‘s price objective would indicate a potential upside of 31.06% from the company’s current price.

Other research analysts have also recently issued reports about the company. Berenberg Bank reissued a “buy” rating and set a GBX 400 ($4.93) price target on shares of QinetiQ Group in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on QinetiQ Group from GBX 350 ($4.31) to GBX 355 ($4.38) and gave the company a “neutral” rating in a research report on Friday.

Shares of LON QQ opened at GBX 354.80 ($4.37) on Thursday. The stock has a 50 day moving average price of GBX 325.73 and a 200 day moving average price of GBX 288.31. QinetiQ Group has a 52 week low of GBX 236 ($2.91) and a 52 week high of GBX 369.80 ($4.56). The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.21 and a current ratio of 1.37. The stock has a market capitalization of £2.05 billion and a PE ratio of 27.72.

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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