QinetiQ Group plc (QQ) Earns “Sell” Rating from Goldman Sachs Group Inc.

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QinetiQ Group plc (LON:QQ)‘s stock had its “sell” rating reaffirmed by Goldman Sachs Group Inc. in a research report issued to clients and investors on Sunday. They presently have a GBX 219 ($2.92) price objective on the stock. Goldman Sachs Group Inc.’s target price suggests a potential downside of 4.95% from the company’s previous close.
Several other research firms also recently issued reports on QQ. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 262 ($3.49) price target on shares of QinetiQ Group plc in a research note on Friday, May 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 265 ($3.53) price target on shares of QinetiQ Group plc in a research note on Wednesday, June 15th. Liberum Capital reaffirmed a “hold” rating and set a GBX 225 ($3.00) price target on shares of QinetiQ Group plc in a research note on Wednesday, July 20th. Finally, Barclays PLC dropped their price target on shares of QinetiQ Group plc from GBX 270 ($3.60) to GBX 245 ($3.26) and set an “equal weight” rating for the company in a research note on Monday, May 23rd. 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. QinetiQ Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 240.56 ($3.20).
Shares of QinetiQ Group plc (LON:QQ) opened at 230.40 on Friday. The company’s market capitalization is GBX 1.34 billion. QinetiQ Group plc has a 52-week low of GBX 204.10 and a 52-week high of GBX 275.70. The company has a 50-day moving average of GBX 228.31 and a 200 day moving average of GBX 230.45.

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In related news, insider Brubaker,Lynn purchased 12,000 shares of QinetiQ Group plc stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of GBX 226 ($3.01) per share, for a total transaction of £27,120 ($36,121.47). Also, insider Mellors,David sold 74,143 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of GBX 226 ($3.01), for a total transaction of £167,563.18 ($223,179.52).
QinetiQ Group plc Company Profile
QinetiQ Group plc provides technology solutions. The Company provides research, innovation, advice, assurance, test and evaluation, engineering solutions and training services. The Company operates in two divisions: EMEA Services and Global Products. It operates in the EMEA Services, Global Products and US Services segments.

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