QinetiQ Group (LON:QQ) Earns “Buy” Rating from Berenberg Bank

QinetiQ Group (LON:QQ)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 570 ($7.65) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 13.21% from the company’s previous close.

Separately, Shore Capital reissued a “hold” rating on shares of QinetiQ Group in a research note on Thursday.

QinetiQ Group Trading Up 1.9%

QQ stock opened at GBX 503.50 ($6.76) on Thursday. The firm has a fifty day moving average price of GBX 490.08 and a 200 day moving average price of GBX 432.36. QinetiQ Group has a fifty-two week low of GBX 292.20 ($3.92) and a fifty-two week high of GBX 491 ($6.59). The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. The firm has a market cap of £2.78 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last posted its quarterly earnings data on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) EPS for the quarter. QinetiQ Group had a net margin of 7.03% and a return on equity of 14.98%. Sell-side analysts anticipate that QinetiQ Group will post 26.1405108 earnings per share for the current fiscal year.

Insider Buying and Selling at QinetiQ Group

In related news, insider Steve Wadey sold 75,060 shares of QinetiQ Group stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of GBX 517 ($6.94), for a total value of £388,060.20 ($520,886.17). Insiders bought 93 shares of company stock valued at $44,997 in the last ninety days. 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.