QinetiQ Group (LON:QQ) experienced a revision of its price target by Berenberg Bank, which adjusted the figure from GBX 570 to GBX 550 according to a report issued on Friday. The investment firm continues to hold a buy rating on the company”s stock.
Additional analysis has emerged regarding QinetiQ Group. Shore Capital reaffirmed its “hold” rating for the shares of QinetiQ Group in a report released on July 17. Meanwhile, Jefferies Financial Group raised its price target for the company from GBX 520 to GBX 550, also indicating a hold rating in a research note dated October 30.
Currently, three investment analysts have rated the stock as a buy, while two others have given it a hold rating. According to data compiled by MarketBeat, the consensus rating for QinetiQ Group stands at “Moderate Buy,” with an average target price calculated at GBX 551.25.
In its latest financial results, released on November 13, QinetiQ Group reported earnings per share of GBX 14.20 for the quarter. The company achieved a return on equity of 14.98% and maintained a net margin of 7.03%. Analysts anticipate that the firm will post earnings per share of approximately 26.14 for the current fiscal year.
QinetiQ Group plc operates in the defense, security, and infrastructure sectors across multiple regions, including the United Kingdom, the United States, and Australia. The company is known for its diverse offerings, which include advanced materials, artificial intelligence, cyber technologies, and autonomous systems.
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