QinetiQ Group (LON:QQ) Given New GBX 535 Price Target at JPMorgan Chase & Co.

QinetiQ Group (LON:QQ) had its price target raised by equities researchers at JPMorgan Chase & Co. from GBX 455 ($5.74) to GBX 535 ($6.75) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 30.17% from the company’s previous close.

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 %

Shares of LON:QQ opened at GBX 411 ($5.19) on Thursday. The firm has a 50 day simple moving average of GBX 443.42 and a 200-day simple moving average of GBX 451.43. QinetiQ Group has a twelve month low of GBX 292.20 ($3.69) and a twelve month high of GBX 491 ($6.20). The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 42.47. The company has a market capitalization 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.

QinetiQ Group Company Profile

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.