Key Points
- Insider activity: QinetiQ CEO Steve Wadey bought 26 shares at GBX 561, worth £145.86. This follows earlier small purchases but also substantial sales of 155,753 shares in June and July.
- Stock performance: Shares opened at GBX 563.50, with a market capitalization of approximately £3.11 billion and a price-to-earnings ratio of 23.33. The stock’s 52-week range is GBX 292.20 to GBX 491, according to the article.
- Analyst outlook: Three analysts rate QinetiQ a Buy and two rate it Hold, producing a “Moderate Buy” consensus. Recent price targets generally range from GBX 487 to GBX 610, although the reported consensus target of GBX 1,663.40 appears inconsistent with those individual estimates.
QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey purchased 26 shares of the firm's stock in a transaction on Monday, August 10th. The stock was acquired at an average price of GBX 561 per share, with a total value of £145.86.
Steve Wadey also recently made the following trade(s):
- On Thursday, July 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 463 per share, for a total transaction of £152.79.
- On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 435, for a total value of £161,902.65.
- On Tuesday, June 23rd, Steve Wadey sold 118,534 shares of QinetiQ Group stock. The stock was sold at an average price of GBX 429, for a total value of £508,510.86.
- On Tuesday, June 9th, Steve Wadey acquired 31 shares of QinetiQ Group stock. The stock was bought at an average cost of GBX 479 per share, for a total transaction of £148.49.
QinetiQ Group Stock Performance
LON:QQ opened at GBX 563.50 on Wednesday. The company has a debt-to-equity ratio of 74.20, a quick ratio of 1.15 and a current ratio of 1.13. QinetiQ Group plc has a fifty-two week low of GBX 292.20 and a fifty-two week high of GBX 491. The company has a 50 day simple moving average of GBX 471.81 and a two-hundred day simple moving average of GBX 476.74. The company has a market capitalization of £3.11 billion, a PE ratio of 23.33, a P/E/G ratio of 1.47 and a beta of 0.33.
QinetiQ Group (LON:QQ - Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. QinetiQ Group had a net margin of 5.59% and a return on equity of 19.34%. The company had revenue of GBX 192.26 billion for the quarter. Research analysts anticipate that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on QQ. Royal Bank Of Canada boosted their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the company a "sector perform" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 600 price target on shares of QinetiQ Group in a research note on Wednesday, July 1st. Citigroup raised their price objective on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 487 price objective on shares of QinetiQ Group in a research note on Wednesday, July 1st. Finally, Berenberg Bank increased their target price on shares of QinetiQ Group from GBX 580 to GBX 610 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,663.40.
Get Our Latest Report on QinetiQ Group
QinetiQ Group Company Profile
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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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