JPMorgan Chase & Co. Raises QinetiQ Group (LON:QQ) Price Target to GBX 535

QinetiQ Group (LON:QQ) had its price target raised by stock analysts at JPMorgan Chase & Co. from GBX 455 ($5.74) to GBX 535 ($6.75) in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 30.17% from the company’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of QinetiQ Group in a research report on Tuesday, October 15th.

QinetiQ Group Stock Down 0.5 %

LON QQ opened at GBX 411 ($5.19) on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 42.47. QinetiQ Group has a 52 week low of GBX 292.20 ($3.69) and a 52 week high of GBX 491 ($6.20). The business’s fifty day simple moving average is GBX 443.42 and its 200-day simple moving average is GBX 451.43. The firm has a market cap of £2.32 billion, a PE ratio of 1,721.67, a P/E/G ratio of 1.47 and a beta of 0.48.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.