QinetiQ Group’s (QQ) “Hold” Rating Reiterated at Liberum Capital

Liberum Capital reaffirmed their hold rating on shares of QinetiQ Group (LON:QQ) in a research note published on Thursday morning. The brokerage currently has a GBX 230 ($3.22) target price on the stock.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 255 ($3.58) price objective on shares of QinetiQ Group in a research note on Friday, January 5th. Barclays reaffirmed an overweight rating and issued a GBX 265 ($3.72) price objective on shares of QinetiQ Group in a research note on Monday, December 18th. Finally, Berenberg Bank raised QinetiQ Group to a buy rating and dropped their price objective for the stock from GBX 310 ($4.35) to GBX 235 ($3.30) in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. QinetiQ Group presently has a consensus rating of Hold and an average price target of GBX 247.60 ($3.47).

QinetiQ Group (LON:QQ) opened at GBX 197.33 ($2.77) on Thursday. The firm has a market capitalization of $1,120.00 and a PE ratio of 822.21. QinetiQ Group has a one year low of GBX 190.30 ($2.67) and a one year high of GBX 322.90 ($4.53).

The firm also recently disclosed a dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, January 11th were paid a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, January 11th.

In other news, insider David Smith purchased 10,188 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of GBX 196 ($2.75) per share, with a total value of £19,968.48 ($27,998.43). Also, insider Michael Harper purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of GBX 204 ($2.86) per share, with a total value of £10,200 ($14,301.74). Over the last three months, insiders have purchased 15,368 shares of company stock valued at $3,056,884.

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QinetiQ Group Company Profile

QinetiQ Group plc is a science and engineering company operating in the defense, security and aerospace markets. The Company’s segments include EMEA Services and Global Products. The EMEA Services segment provides technical assurance, test and evaluation, and training services. It provides research and advice in specialist areas, such as concept of command, control, communications, computers, intelligence, surveillance and reconnaissance, weapons and energetics, cyber security and procurement advisory services.

Analyst Recommendations for QinetiQ Group (LON:QQ)

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