Key Points
- Insider buying: QinetiQ CEO Steve Wadey purchased 32 shares at GBX 473 each, worth £151.36. This follows several smaller purchases since July, although he previously sold more than 155,000 shares for approximately £670,000 in June and July.
- Share performance: QinetiQ shares opened at GBX 472.80 and were up 1.1%, with a market capitalization of about £2.61 billion. The stock trades below its 50-day moving average of GBX 502.87 but near its 200-day average of GBX 479.72.
- Analyst view: Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and two Holds; recent price targets range from GBX 487 to GBX 610.
QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey bought 32 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of GBX 473 per share, for a total transaction of £151.36.
Steve Wadey also recently made the following trade(s):
- On Thursday, August 20th, Steve Wadey bought 145 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 542 per share, with a total value of £785.90.
- On Monday, August 10th, Steve Wadey bought 26 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 561 per share, with a total value of £145.86.
- On Thursday, July 9th, Steve Wadey purchased 33 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 463 per share, with a total value of £152.79.
- On Wednesday, July 1st, Steve Wadey sold 37,219 shares of QinetiQ Group stock. The stock was 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.
QinetiQ Group Stock Up 1.1%
QQ stock opened at GBX 472.80 on Friday. The stock's fifty day simple moving average is GBX 502.87 and its two-hundred day simple moving average is GBX 479.72. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. QinetiQ Group plc has a 1-year low of GBX 292.20 and a 1-year high of GBX 491. The stock has a market cap of £2.61 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.47 and a beta of 0.33.
Analyst Upgrades and Downgrades
QQ has been the topic of a number of research analyst reports. Citigroup boosted their price target on shares of QinetiQ Group from GBX 5,690 to GBX 6,050 and gave the stock a "buy" rating in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 600 price objective on shares of QinetiQ Group in a report on Wednesday, July 1st. Royal Bank Of Canada lifted their price objective on shares of QinetiQ Group from GBX 490 to GBX 570 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 487 target price 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 company a "buy" rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, QinetiQ Group has an average rating of "Moderate Buy" and an average price target of GBX 1,663.40.
View Our Latest Research Report on QinetiQ Group
QinetiQ Group Company Profile
(
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.
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