QinetiQ Group (LON:QQ) Insider Steve Wadey Buys 33 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 33 shares of QinetiQ Group stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of GBX 463 per share, with a total value of £152.79.

Steve Wadey also recently made the following trade(s):

• 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 transaction 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 transaction of £508,510.86.
• On Tuesday, June 9th, Steve Wadey bought 31 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 479 per share, for a total transaction of £148.49.
• On Monday, May 11th, Steve Wadey bought 36 shares of QinetiQ Group stock. The stock was acquired at an average price of GBX 415 per share, for a total transaction of £149.40.

QinetiQ Group Stock Performance

Shares of QQ stock traded down GBX 11.40 during trading on Friday, hitting GBX 451.20. The company’s stock had a trading volume of 1,732,882 shares, compared to its average volume of 88,555. The company has a market cap of £2.49 billion, a PE ratio of 18.68, a P/E/G ratio of 1.47 and a beta of 0.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 74.20. The business has a fifty day moving average of GBX 451.09 and a 200-day moving average of GBX 473.45. QinetiQ Group plc has a 52 week low of GBX 292.20 and a 52 week high of GBX 491.

QinetiQ Group (LON:QQ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 31.50 EPS for the quarter. QinetiQ Group had a return on equity of 19.34% and a net margin of 5.59%.The business had revenue of GBX 192.26 billion for the quarter. As a group, research analysts anticipate that QinetiQ Group plc will post 26.1405108 earnings per share for the current year.

QinetiQ Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 25th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QQ. Jefferies Financial Group reiterated a “hold” rating and set a GBX 487 target price on shares of QinetiQ Group in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price target on shares of QinetiQ Group in a research report on Wednesday, July 1st. Finally, 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 report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,921.75.

QinetiQ Group Company Profile

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.