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QinetiQ Group (LON:QQ – Get Rating)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 465 ($5.73) target price on the stock. Barclays‘s price objective indicates a potential upside of 31.06% from the stock’s current price. Other […] ....
QinetiQ Group (LON:QQ – Get Rating) had its price target upped by investment analysts at JPMorgan Chase & Co. from GBX 350 ($4.31) to GBX 355 ($4.38) in a research report issued on Friday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential […] ....
QinetiQ Group plc (LON:QQ – Get Rating) insider Steve Wadey purchased 46 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The shares were bought at an average cost of GBX 326 ($4.25) per share, with a total value of £149.96 ($195.41). Steve Wadey also recently made the following trade(s): […] ....
14 April 2021 | 08:18am StockMarketWire.com - UK stocks eked out modest gains in early trading on Wednesday after a reasonably tame US inflation reading eased concerns about rising bond yields, offsetting a disappointing earnings release from Tesco. At 0816, the benchmark FTSE 100 index was up 8.28 points, or 0.1%, at 6,898.77. Supermarket group Tesco fell 3.6% to 223.75 as it reported a 20% drop in annual profit after rising grocery sales were offset by lower fuel sales, costs associated with adapting to the pandemic and a writedown at its banking operation. Tesco held its annual dividend steady at 9.15p per share, while forecasting a strong improvement in profitability in the current financial year. ....
14 April 2021 | 07:18am StockMarketWire.com - Defence equipment supplier QinetiQ upgrading its annual guidance, citing stronger orders and margins in the fourth quarter. QinetiQ said it now expected to post an underlying operating profit for the year through March of at least £147 million. Full year order intake has been strong, and subject to audit, we expect to deliver high teens percentage revenue growth, high single-digit percentage revenue growth on an organic basis, it said. Underlying operating profit margin was expected to be modestly ahead of that delivered in the first half. Net cash at 31 March was at least £150 million . QinetiQ said said its performance was underpinned by overachievement across its Europe, Middle East and Africa services portfolio, offsetting modest Covid-19 impacts seen earlier in the year. ....