QinetiQ Group (LON:QQ) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

QinetiQ Group (LON:QQ) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 585 to GBX 635 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 19.25% from the stock’s previous close.

Several other equities analysts have also recently weighed in on QQ. Berenberg Bank reaffirmed a “buy” rating and set a GBX 550 target price on shares of QinetiQ Group in a research note on Tuesday. Jefferies Financial Group upped their price objective on shares of QinetiQ Group from GBX 520 to GBX 550 and gave the company a “hold” rating in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 576.25.

QinetiQ Group Trading Up 0.7%

QinetiQ Group stock opened at GBX 532.50 on Tuesday. The company has a 50 day moving average price of GBX 447.95 and a 200 day moving average price of GBX 477.28. The company has a debt-to-equity ratio of 41.96, a quick ratio of 1.15 and a current ratio of 1.35. QinetiQ Group has a 52 week low of GBX 292.20 and a 52 week high of GBX 491. The firm has a market capitalization of £2.94 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.47 and a beta of 0.48.

QinetiQ Group (LON:QQ) last issued its earnings results on Thursday, November 13th. The company reported GBX 14.20 EPS for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. Research analysts forecast that QinetiQ Group will post 26.1405108 EPS for the current year.

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.