Barclays PLC Cuts QinetiQ Group plc (QQ) Price Target to GBX 265

QinetiQ Group plc (LON:QQ) had its price target decreased by Barclays PLC from GBX 285 ($3.75) to GBX 265 ($3.49) in a research report report published on Tuesday morning. Barclays PLC currently has an overweight rating on the stock.

A number of other research firms have also commented on QQ. J P Morgan Chase & Co upgraded QinetiQ Group plc to an overweight rating and set a GBX 290 ($3.81) price objective on the stock in a research note on Monday, October 2nd. Liberum Capital reiterated a hold rating and issued a GBX 270 ($3.55) price objective on shares of QinetiQ Group plc in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 260.50 ($3.43).

QinetiQ Group plc (QQ) opened at GBX 211.80 ($2.79) on Tuesday. QinetiQ Group plc has a 1-year low of GBX 195.10 ($2.57) and a 1-year high of GBX 322.90 ($4.25).

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In related news, insider David Smith acquired 8,936 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of GBX 224 ($2.95) per share, with a total value of £20,016.64 ($26,327.29). Also, insider Susan Searle acquired 7,500 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were bought at an average cost of GBX 224 ($2.95) per share, for a total transaction of £16,800 ($22,096.54). Insiders have purchased 21,691 shares of company stock worth $4,761,796 over the last 90 days.

About QinetiQ Group plc

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 plc (LON:QQ)

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