QinetiQ Group plc (LON:QQ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $292.74 and traded as high as $318.40. QinetiQ Group shares last traded at $316.20, with a volume of 604,234 shares traded.
Several analysts have issued reports on QQ shares. 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 report on Tuesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 300 ($3.92) price objective on shares of QinetiQ Group in a report on Wednesday, July 17th. UBS Group reaffirmed a “sell” rating and set a GBX 240 ($3.14) price objective on shares of QinetiQ Group in a report on Thursday, October 3rd. Investec raised shares of QinetiQ Group to a “buy” rating in a report on Monday, October 14th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 325 ($4.25) price objective on shares of QinetiQ Group in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 301.43 ($3.94).
The business’s fifty day moving average price is GBX 305.41 and its 200 day moving average price is GBX 293. The company has a market capitalization of $1.80 billion and a P/E ratio of 15.82. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.
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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