Key Points
- QinetiQ insider Steve Wadey sold 103,945 shares at GBX 487 each, generating approximately £506,212 in proceeds.
- QinetiQ shares opened at GBX 489, near their 52-week high of GBX 491, with a market capitalization of approximately £2.70 billion.
- Analysts maintain a generally positive view, with three Buy ratings and two Holds; recent price targets range from GBX 570 to GBX 610, although the reported consensus target is GBX 1,663.40.
QinetiQ Group plc (LON:QQ - Get Free Report) insider Steve Wadey sold 103,945 shares of the firm's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 487, for a total transaction of £506,212.15.
Steve Wadey also recently made the following trade(s):
- On Wednesday, September 9th, Steve Wadey purchased 32 shares of QinetiQ Group stock. The stock was acquired at an average cost of GBX 473 per share, with a total value of £151.36.
- On Thursday, August 20th, Steve Wadey purchased 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 acquired 26 shares of QinetiQ Group stock. The shares were acquired at an average price of GBX 561 per share, for a total transaction of £145.86.
- On Thursday, July 9th, Steve Wadey acquired 33 shares of QinetiQ Group stock. The shares were acquired at an average cost of GBX 463 per share, for a total transaction of £152.79.
QinetiQ Group Stock Performance
Shares of LON:QQ opened at GBX 489 on Friday. The company has a market capitalization of £2.70 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.33. QinetiQ Group plc has a 52 week low of GBX 292.20 and a 52 week high of GBX 491. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 74.20. The firm has a 50 day moving average of GBX 510.50 and a 200 day moving average of GBX 477.94.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on QQ. Royal Bank Of Canada upped their price objective on QinetiQ Group from GBX 490 to GBX 570 and gave the stock a "sector perform" rating in a research note on Monday, August 10th. Berenberg Bank lifted their target price on QinetiQ Group from GBX 580 to GBX 610 and gave the company a "buy" rating in a research note on Monday, August 3rd. Citigroup boosted their target price 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. Jefferies Financial Group reissued a "hold" rating and set a GBX 487 price target on shares of QinetiQ Group in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 600 price target on shares of QinetiQ Group in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,663.40.
View Our Latest Stock 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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