QinetiQ Group (LON:QQ) Earns “Hold” Rating from Shore Capital

QinetiQ Group (LON:QQ)‘s stock had its “hold” rating reissued by equities research analysts at Shore Capital in a note issued to investors on Thursday, MarketBeat.com reports.

Separately, Berenberg Bank lifted their target price on shares of QinetiQ Group from GBX 500 ($6.71) to GBX 570 ($7.65) and gave the stock a “buy” rating in a research note on Monday, June 2nd.

QinetiQ Group Price Performance

Shares of LON:QQ opened at GBX 503.50 ($6.76) on Thursday. The company has a market cap of £2.78 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The firm has a 50 day simple moving average of GBX 490.08 and a 200 day simple moving average of GBX 432.36. QinetiQ Group has a one year low of GBX 292.20 ($3.92) and a one year high of GBX 491 ($6.59).

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

Insider Activity

In related news, insider Steve Wadey sold 75,060 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of GBX 517 ($6.94), for a total transaction of £388,060.20 ($520,886.17). Insiders have bought 93 shares of company stock worth $44,997 in the last ninety days. 12.14% of the stock is owned by company insiders.

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.