5 European Defense Stocks to Buy Now

4. QinetiQ Group plc (LSE:QQ.L) 

QinetiQ Group plc (LSE:QQ.L) is a science and engineering firm with large stakes in the defense industry. The company employs artificial intelligence, analytics, and advanced computing technologies for manufacturing novel weapons and systems. It is based in the United Kingdom. In addition to defense, the firm also serves other industries like aviation and aerospace, energy and utility, financial services, government, law enforcement, marine, space, and other sectors. 

On March 18, JPMorgan analyst David Perry upgraded QinetiQ Group plc (LSE:QQ.L) stock to Neutral from Underweight with a price target of GBP 320, up from GBP 260. In a bullish analysis, the analyst noted that the Russian invasion of Ukraine had “fundamentally changed the landscape for the European defense sector” and that the German announcements were indicative of a boost in military spending across the continent. Other investment advisors like Jefferies and Citi are also bullish on the stock.