Key Points
- Insider purchases: Steve Wadey bought 31 shares on April 9 at GBX 486 (total £150.66) and made prior purchases on Feb 9 and Mar 9, signaling continued insider buying activity.
- Board-approved buyback: The company’s board approved a stock buyback plan on March 25 authorizing open‑market repurchases, which the article notes can indicate management views the stock as undervalued.
- Analyst sentiment is a "Moderate Buy" with an average target of GBX 578.33 versus the recent price near GBX 477 and a 52‑week high of GBX 491, implying potential upside.
QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey bought 31 shares of the company's stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average price of GBX 486 per share, with a total value of £150.66.
Steve Wadey also recently made the following trade(s):
- On Monday, March 9th, Steve Wadey bought 30 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 511 per share, with a total value of £153.30.
- On Monday, February 9th, Steve Wadey bought 40 shares of QinetiQ Group stock. The stock was bought at an average price of GBX 485 per share, with a total value of £194.
QinetiQ Group Stock Performance
QinetiQ Group stock opened at GBX 477.10 on Friday. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The firm has a 50 day moving average price of GBX 491.52 and a 200 day moving average price of GBX 478.72. The company has a market capitalization of £2.63 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.47 and a beta of 0.35.
QinetiQ Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
QQ has been the subject of several recent research reports. Berenberg Bank reissued a "buy" rating and issued a GBX 550 price target on shares of QinetiQ Group in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of QinetiQ Group from GBX 585 to GBX 635 and gave the company a "buy" rating in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 578.33.
Check Out Our Latest Research Report on QinetiQ Group
About QinetiQ Group
(
Get Free Report)
QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.
Further Reading
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