QinetiQ Group’s (QQ) Sell Rating Reaffirmed at UBS Group

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UBS Group restated their sell rating on shares of QinetiQ Group (LON:QQ) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently commented on QQ. Berenberg Bank upgraded shares of QinetiQ Group to a buy rating and raised their price target for the stock from GBX 320 ($4.18) to GBX 340 ($4.44) in a research note on Tuesday, July 30th. Goldman Sachs Group cut shares of QinetiQ Group to a sell rating and set a GBX 270 ($3.53) price target for the company. in a research note on Wednesday, June 5th. Credit Suisse Group cut shares of QinetiQ Group to a neutral rating and cut their price target for the stock from GBX 345 ($4.51) to GBX 325 ($4.25) in a research note on Friday, June 28th. Barclays reiterated an overweight rating and issued a GBX 325 ($4.25) target price on shares of QinetiQ Group in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 300 ($3.92) target price on shares of QinetiQ Group in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. QinetiQ Group has a consensus rating of Hold and a consensus price target of GBX 301.43 ($3.94).

Shares of QQ opened at GBX 306.20 ($4.00) on Thursday. The stock has a market cap of $1.74 billion and a price-to-earnings ratio of 15.31. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. QinetiQ Group has a 12 month low of GBX 265 ($3.46) and a 12 month high of GBX 324.40 ($4.24). The company has a 50-day moving average price of GBX 283.52 and a two-hundred day moving average price of GBX 291.95.

In other QinetiQ Group news, insider Steve Wadey sold 71,197 shares of QinetiQ Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 280 ($3.66), for a total transaction of £199,351.60 ($260,488.17). Insiders have acquired a total of 247 shares of company stock valued at $69,887 in the last ninety days.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and aerospace markets in the United Kingdom and internationally. The company operates through EMEA Services and Global Products segments. It offers de-risk complex aerospace programs by testing system and equipment, air engineering services, aircraft system integration and upgrades, life aircraft support services, unmanned aircraft systems, human factors integration, aero structures, air traffic management, and aircraft mission systems; smart materials, which include acoustic stealth materials, radio frequency stealth materials, and electro-optic stealth materials; and runway debris detection technology, training to experienced pilots and engineers, and safety and environmental management services.

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Analyst Recommendations for QinetiQ Group (LON:QQ)

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