Published On: Sun, Sep 11th, 2016

QinetiQ Group plc (QQ) Stock Rating Reaffirmed by Goldman Sachs Group Inc.

QinetiQ Group plc (LON:QQ)‘s stock had its “sell” rating restated by investment analysts at Goldman Sachs Group Inc. in a research report issued on Sunday, StockTargetPrices.com reports. They presently have a GBX 219 ($2.92) price target on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential downside of 4.95% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 265 ($3.53) price objective on shares of QinetiQ Group plc in a report on Wednesday, June 15th. Canaccord Genuity restated a “buy” rating and issued a GBX 262 ($3.49) price objective on shares of QinetiQ Group plc in a report on Friday, May 20th. Barclays PLC cut their price objective on shares of QinetiQ Group plc from GBX 270 ($3.60) to GBX 245 ($3.26) and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Finally, Liberum Capital restated a “hold” rating and issued a GBX 225 ($3.00) price objective on shares of QinetiQ Group plc in a report on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 240.56 ($3.20).
QinetiQ Group plc (LON:QQ) opened at 230.40 on Friday. QinetiQ Group plc has a 52-week low of GBX 204.10 and a 52-week high of GBX 275.70. The company’s market cap is GBX 1.34 billion. The firm’s 50 day moving average is GBX 228.31 and its 200 day moving average is GBX 230.45.

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In other news, insider Mellors,David sold 74,143 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of GBX 226 ($3.01), for a total transaction of £167,563.18 ($223,179.52). Also, insider Brubaker,Lynn purchased 12,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average price of GBX 226 ($3.01) per share, for a total transaction of £27,120 ($36,121.47).
About QinetiQ Group plc
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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