Five to buy
QinetiQ
QinetiQ’s shares have doubled since 2017. The defence contractor’s upgraded guidance, rising revenue, stable profit margin and potential for future acquisitions reflect its solid financial position. With Nato members expected to increase defence spending and a modest price/earnings (p/e) ratio, the company’s capital-growth potential and share-buyback programme make it an attractive investment. Some investors may be tempted to sell after large gains, but it’s “more logical” to keep buying.
