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

Berenberg Bank restated their buy rating on shares of QinetiQ Group (LON:QQ) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a GBX 550 price objective on the stock.

Separately, Jefferies Financial Group lifted their price target on QinetiQ Group from GBX 520 to GBX 550 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, QinetiQ Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 556.67.

QinetiQ Group Stock Performance

Shares of QQ opened at GBX 521.50 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 41.96. The stock has a market cap of £2.88 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.47 and a beta of 0.48. The business’s 50 day moving average price is GBX 446.32 and its 200-day moving average price is GBX 476.92. QinetiQ Group has a 52 week low of GBX 292.20 and a 52 week high of GBX 491.

QinetiQ Group (LON:QQ) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 14.20 earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. Equities research analysts anticipate that QinetiQ Group will post 26.1405108 earnings per share for the current fiscal year.

QinetiQ Group Company Profile

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.