UBS Group Reaffirms Sell Rating for QinetiQ Group (LON:QQ)

QinetiQ Group (LON:QQ)‘s stock had its “sell” rating reaffirmed by investment analysts at UBS Group in a research report issued to clients and investors on Monday, November 18th, Stock Target Advisor reports. They presently have a GBX 260 ($3.40) price target on the stock, up from their previous price target of GBX 240 ($3.14). UBS Group’s price objective suggests a potential downside of 22.20% from the company’s current price.

Several other brokerages have also issued reports on QQ. Barclays boosted their price target on QinetiQ Group from GBX 325 ($4.25) to GBX 360 ($4.70) and gave the company an “overweight” rating in a research note on Friday, November 15th. Investec raised QinetiQ Group to a “buy” rating in a research note on Monday, October 14th. Finally, Berenberg Bank raised QinetiQ Group to a “buy” rating and upped their target price for the stock from GBX 320 ($4.18) to GBX 340 ($4.44) in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 315.57 ($4.12).

QQ traded up GBX 1.40 ($0.02) during trading on Monday, hitting GBX 334.20 ($4.37). The company’s stock had a trading volume of 638,557 shares, compared to its average volume of 1,840,000. QinetiQ Group has a twelve month low of GBX 265.22 ($3.47) and a twelve month high of GBX 355 ($4.64). The company has a quick ratio of 1.17, a current ratio of 1.32 and a debt-to-equity ratio of 3.33. The stock’s fifty day moving average price is GBX 323.02 and its 200-day moving average price is GBX 297.36. The firm has a market capitalization of $1.90 billion and a P/E ratio of 15.12.

About QinetiQ Group

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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Analyst Recommendations for QinetiQ Group (LON:QQ)

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