Jefferies Financial Group Reaffirms “Hold” Rating for QinetiQ Group (LON:QQ)

QinetiQ Group (LON:QQ)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 487 target price on the stock. Jefferies Financial Group’s target price suggests a potential upside of 15.29% from the company’s previous close.

Separately, Citigroup boosted their price target on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,921.75.

QinetiQ Group Price Performance

Shares of QinetiQ Group stock traded up GBX 10 on Wednesday, hitting GBX 422.40. The company’s stock had a trading volume of 2,775,527 shares, compared to its average volume of 88,555. The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.47 and a beta of 0.32. QinetiQ Group has a 1 year low of GBX 292.20 and a 1 year high of GBX 491. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. The firm has a fifty day moving average price of GBX 450.41 and a 200-day moving average price of GBX 471.91.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 earnings per share (EPS) for the quarter. The company had revenue of GBX 192.26 billion for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%. As a group, sell-side analysts anticipate that QinetiQ Group will post 26.1405108 earnings per share for the current fiscal year.

QinetiQ Group announced that its board has initiated a stock buyback program on Wednesday, March 25th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Steve Wadey sold 118,534 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of GBX 429, for a total value of £508,510.86. In the last ninety days, insiders purchased 98 shares of company stock worth $44,855. 12.14% of the stock is currently owned by insiders.

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.