QinetiQ Group (LON:QQ – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 600 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 42.05% from the company’s current price.
Several other research firms also recently commented on QQ. Citigroup upped their price objective on QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, QinetiQ Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,921.75.
Read Our Latest Research Report on QQ
QinetiQ Group Stock Performance
QinetiQ Group (LON:QQ – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 earnings per share (EPS) for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The company had revenue of GBX 192.26 billion for the quarter. On average, analysts forecast that QinetiQ Group will post 26.1405108 EPS for the current year.
QinetiQ Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 25th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Transactions at QinetiQ Group
In related news, insider Steve Wadey sold 118,534 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 429, for a total transaction of £508,510.86. Insiders have bought 98 shares of company stock worth $44,855 over the last three months. Corporate insiders own 12.14% of the company’s stock.
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.
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