Forex
RBC Boosts QinetiQ Group Target Price Amid Bullish Analyst Views
Royal Bank of Canada (RBC) has raised its target price for QinetiQ Group's stock from GBX 490 to GBX 570. This indicates a potential upside of 2.98% from the current market price.
The company currently carries a 'sector perform' rating from RBC, which is a neutral assessment. However, other analysts have been more bullish on QinetiQ Group's prospects, with Citigroup boosting its target price to GBX 6,050 and Deutsche Bank reaffirming its 'buy' rating.
Despite the positive outlook, some analysts are more cautious, with Jefferies Financial Group maintaining a 'hold' rating. The stock has an average rating of 'Moderate Buy' among analysts, who have set a target price of GBX 1,663.40.