Royal Bank of Canada Raises QinetiQ Group Target to £570

Royal Bank of Canada has increased its target price for QinetiQ Group (LON:QQ) to GBX 570 from GBX 490. This indicates a potential upside of 2.98% from the stock's current price.

The firm maintains a 'sector perform' rating on the stock, which suggests that while it is not undervalued or overvalued, it may not offer significant growth opportunities either.

Several other analysts have also weighed in on QinetiQ Group recently. Citigroup boosted its price target to GBX 6,050 and gave a 'buy' rating, while Deutsche Bank Aktiengesellschaft reaffirmed its 'buy' rating with a target of GBX 600.